The China Mail - US House revolt advances Obamacare subsidy extension

USD -
AED 3.672501
AFN 64.000316
ALL 80.660025
AMD 364.155001
ANG 1.790365
AOA 918.00005
ARS 1530.4907
AUD 1.426157
AWG 1.8
AZN 1.699559
BAM 1.716593
BBD 2.014833
BDT 123.096502
BGN 1.683441
BHD 0.377145
BIF 3013.033747
BMD 1
BND 1.278097
BOB 12.259622
BRL 5.189496
BSD 1.000307
BTN 95.794093
BWP 13.621802
BYN 3.022425
BYR 19600
BZD 2.011937
CAD 1.415625
CDF 2340.000238
CHF 0.829825
CLF 0.024352
CLP 961.550243
CNY 6.71325
CNH 6.72586
COP 3304.75
CRC 454.820731
CUC 1
CUP 24.008426
CVE 96.778865
CZK 21.413299
DJF 178.136657
DKK 6.56796
DOP 59.49006
DZD 134.160706
EGP 51.841971
ERN 15
ETB 162.282003
EUR 0.87862
FJD 2.24725
FKP 0.754924
GBP 0.755725
GEL 2.61497
GGP 0.754924
GHS 11.618906
GIP 0.754924
GMD 73.501353
GNF 8797.998859
GTQ 7.639444
GYD 209.30355
HKD 7.84415
HNL 26.849519
HRK 6.620503
HTG 130.916751
HUF 320.970299
IDR 17957
ILS 3.04806
IMP 0.754924
INR 95.78855
IQD 1310.484048
IRR 1374575.000352
ISK 120.370439
JEP 0.754924
JMD 158.265678
JOD 0.708979
JPY 157.6265
KES 129.709897
KGS 87.448194
KHR 4068.10901
KMF 433.000272
KPW 900.000318
KRW 1358.430299
KWD 0.30864
KYD 0.833633
KZT 443.156186
LAK 22438.232325
LBP 89581.428007
LKR 330.293588
LRD 172.063018
LSL 16.32106
LTL 2.95274
LVL 0.60489
LYD 6.395752
MAD 9.599596
MDL 17.756616
MGA 4416.553298
MKD 54.043972
MMK 2099.36214
MNT 3596.164164
MOP 8.082152
MRU 40.243999
MUR 47.789782
MVR 15.45022
MWK 1734.585509
MXN 17.738565
MYR 4.075979
MZN 63.910094
NAD 16.32106
NGN 1327.720263
NIO 36.810462
NOK 9.51841
NPR 153.270725
NZD 1.769295
OMR 0.385571
PAB 1.000307
PEN 3.395971
PGK 4.456927
PHP 62.379014
PKR 277.197262
PLN 3.84189
PYG 5896.344407
QAR 3.646377
RON 4.633902
RSD 103.085092
RUB 84.429704
RWF 1478.474569
SAR 3.755913
SBD 8.000512
SCR 13.862985
SDG 601.507172
SEK 9.936675
SGD 1.278745
SHP 0.755002
SLE 24.649813
SLL 20969.491881
SOS 571.729495
SRD 37.6675
STD 20697.981008
STN 21.503489
SVC 8.753236
SYP 13002.000254
SZL 16.317198
THB 33.45013
TJS 9.228244
TMT 3.51
TND 2.961425
TOP 2.40776
TRY 48.982202
TTD 6.803879
TWD 31.793986
TZS 2644.949629
UAH 44.794751
UGX 3918.023434
UYU 40.075482
UZS 11839.206565
VES 852.43145
VND 25976
VUV 118.388248
WST 2.745723
XAF 576.337115
XAG 0.015704
XAU 0.000235040274
XCD 2.70255
XCG 1.80287
XDR 0.707052
XOF 576.337115
XPF 104.673717
YER 236.649761
ZAR 16.343745
ZMK 9001.19134
ZMW 19.513758
ZWL 321.999592
SSP 5712.5919
MXV 2.010167
  • NGG

    0.2600

    75.49

    +0.34%

  • RIO

    0.0900

    94.56

    +0.1%

  • CMSD

    -0.0700

    20.3

    -0.34%

  • RBGPF

    -0.5900

    65.4

    -0.9%

  • CMSC

    -0.1100

    20.4

    -0.54%

  • BCC

    1.0400

    77.14

    +1.35%

  • GSK

    -0.4100

    49.24

    -0.83%

  • BCE

    -0.3300

    20.97

    -1.57%

  • JRI

    -0.1500

    11.02

    -1.36%

  • BTI

    -0.3900

    55.63

    -0.7%

  • RELX

    0.0100

    33.52

    +0.03%

  • RYCEF

    -0.3600

    19.31

    -1.86%

  • AZN

    2.0200

    166.58

    +1.21%

  • BP

    -0.2600

    44.15

    -0.59%

  • VOD

    0.1300

    16.62

    +0.78%

US House revolt advances Obamacare subsidy extension
US House revolt advances Obamacare subsidy extension / Photo: © AFP

US House revolt advances Obamacare subsidy extension

US lawmakers voted Thursday to revive health insurance subsidies that expired at the end of last year, offering hope to millions of Americans facing steep premium hikes -- and pressuring the Senate to follow suit.

Text size:

The bill, which passed with Democratic support and backing from a small bloc of Republicans defying their own leadership, would extend enhanced subsidies under the Affordable Care Act -- widely known as Obamacare -- for three years.

Those subsidies lower monthly insurance costs for Americans who buy coverage on government-run marketplaces.

Their expiration on January 1 more than doubled payments for many households, reigniting a politically sensitive debate over health care affordability in a year set to be dominated by the high-stakes midterm congressional elections.

Even supporters concede the House bill is unlikely to become law in its current form.

President Donald Trump has criticized the subsidies as wasteful and has urged Republicans to push for changes, though he has also told lawmakers they may need to be flexible to reach a deal.

House Speaker Mike Johnson, a staunch Trump loyalist, had resisted allowing the measure onto the floor, reflecting deep divisions within his party over the program.

But a handful of centrist Republicans joined Democrats in using a rarely successful procedural maneuver -- a discharge petition -- to force the vote over leadership's objections.

Ultimately, 17 Republicans voted with Democrats to pass the bill, a public break that underscored growing anxiety among lawmakers from competitive districts about voter backlash over rising healthcare costs.

"The affordability crisis is not a hoax. It is very real despite what Donald Trump has had to say," Hakeem Jeffries, the leader of the House Democratic minority, told reporters.

"Housing costs are too high. Grocery costs are too high. Utility bills are too high. Childcare costs are too high. And healthcare costs are out of control."

The subsidies were originally created under the Affordable Care Act and expanded during the Covid-19 pandemic, making coverage cheaper and available to more people. An estimated 22 million Americans currently benefit from the enhanced assistance.

The bill now heads to the Senate, where its fate is uncertain. A similar three-year extension failed there in December, falling short of the 60-vote threshold needed to advance.

The nonpartisan Congressional Budget Office estimates a three-year clean extension of enhanced Obamacare subsidies would cost almost $81 billion over a decade -- but would lead to eight million more people getting health insurance by 2029.

The House vote appears to have injected new momentum into bipartisan talks now underway in the upper chamber.

A small group of senators from both parties has been negotiating a narrower compromise that could include a shorter extension, tighter income limits and new options for directing aid straight to patients rather than insurers.

D.Wang--ThChM