Sen. Bill Cassidy, a Republican from Louisiana, expressed optimism about reaching a bipartisan deal to lower health care costs after two bills failed in the Senate. He emphasized the need for collaboration between Democrats and Republicans, suggesting a short-term extension of premium tax credits in exchange for addressing high deductibles. Cassidy’s proposal includes redirecting funds to health savings accounts for those using bronze plans, aiming to alleviate both premium and out-of-pocket expenses. He believes a solution can be implemented by the end of March, benefiting millions facing expiring tax credits.
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