Senate Vote Blocks Extension of ACA Tax Credits, Impacting Mississippi Premiums
The U.S. Senate recently voted down a Democratic bill aimed at extending Affordable Care Act (ACA) tax credits, with a narrow 51-48 vote including support from four Republican senators. This failure means ACA subsidies are set to expire on January 1, potentially causing significant premium increases for thousands of Americans, including over 300,000 Mississippians currently enrolled in marketplace plans. Experts warn that without these subsidies, many could face premium hikes exceeding 200%, particularly in vulnerable income groups.