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Premiums Set to Spike After Senate Rejects Obamacare Funding

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Millions of Americans could see a massive spike to their health insurance premiums with federal subsidies for people who use the Affordable Care Act marketplace set to expire at the end of the 2025 as lawmakers on Capitol Hill remain deadlocked on a deal. The Democrats’ plan would have allowed the vast majority to keep their benefits for three more years while the Republicans wanted to scrap them in favor of boosting health savings accounts, but both bills failed. NBC’s Ryan Nobles reports for TODAY.

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