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Benzinga
Benzinga
Business
Vandana Singh

Insurers Slide As Congress Postpones Decision On Health Subsidies, Delays Obamacare Subsidy Vote To December

Affordable Care Act

Shares of major health insurers slid Monday as investors reacted to a Senate deal that ended the 40-day U.S. government shutdown but failed to extend subsidies under the Affordable Care Act (ACA).

The agreement delays the contentious issue until December, raising uncertainty for millions of Americans who depend on the subsidies to afford health coverage.

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