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Congress Votes on ACA Tax Credits
On Jan. 8, the U.S. House of Representatives passed a bill to extend tax credits for the Affordable Care Act (ACA) through 2028. 17 Republican House members joined Democrats to pass the bill. The bill was sent to the Senate, although a vote has not yet been scheduled.
Without ACA tax credits, many Americans can expect to see drastically increased monthly health insurance costs. About 800,000 fewer Americans have signed up for an ACA plan compared to this time last year. The 3.5% enrollment decrease coincides with overall higher monthly premiums for enrollees since the beginning of the year.
ASDA will continue to monitor the bill and keep you updated.
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