WASHINGTON – As millions of Americans brace for their health care costs to skyrocket next year, President Donald Trump and the Republican-controlled Congress remain deadlocked over what to do about it.
Time is running out.
The White House and lawmakers have just a matter of weeks before federal subsidies are set to expire, potentially kicking roughly five million Americans off their health insurance, per some estimates. The subsidies, which come in the form of tax credits, are part of the Affordable Care Act, also known as Obamacare.
Read more: ACA health insurance tax credits could end in December. How will you be affected?
Just before Thanksgiving, the Trump administration was gearing up to intervene, potentially resolving the crux of the issue before the end-of-year holidays. Multiple news outlets reported that Trump planned to propose prolonging the subsidies for two year, but the president pumped the breaks amid opposition from congressional Republicans.
