House passes bill extending ACA tax credits for 3 years

Summary

CNBC's Emily Wilkins reports that the House passed a three-year extension of Affordable Care Act tax credits. The bill now goes to the Senate, where a prior proposal failed, though bipartisan senators met to discuss a narrower two-year extension with income caps and anti-fraud measures. The outcome is closely watched by the health care and insurance industries as millions of Americans face higher premiums.

• House passed a three-year extension of ACA tax credits.
• Seventeen Republicans joined all Democrats in support.
• The bill heads to the Senate, where the proposal previously failed.
• Bipartisan senators discussed a two-year extension with income caps.
• Lawmakers aim to reach a solution by the end of January to reopen exchanges.
• Health care and insurance industries are closely watching the debate.
• Millions of Americans have already seen health care premiums double.