President Trump announced he might veto legislation aimed at extending federal health insurance subsidies.
The expiration of the subsidies at the end of 2025 has led to steep price increases for millions of Americans seeking health coverage.
Driving the news: The U.S. House of Representatives, controlled by Republicans, recently passed a Democrat-backed bill to restore the Affordable Care Act (ACA) subsidies, with 17 Republicans voting in favor.
- The Republican-controlled Senate has already rejected a similar extension bill, but the House vote could prompt negotiations for a compromise.
What we’re watching: Americans must enroll in ACA insurance plans by Jan. 15 to be covered for the current year, but the Trump administration has the authority to extend this deadline.
- California residents have an extended open enrollment period until January 31.
