Republicans float insurance plan that could raise costs

Senate Republicans want to send money directly to Americans rather than extending enhanced Affordable Care Act subsidies that have lowered health insurance costs for millions of Americans.

Republican senators Mike Crapo and Bill Cassidy on Monday, Dec. 8, unveiled a bill that would deposit $1,000 to $1,500 into health savings accounts for eligible consumers. This money would be in lieu of extending COVID-19-era enhanced tax credits that sharply reduced health premiums under the Affordable Care Act, often called "Obamacare."