Dive Brief:

Two influential Republican senators released legislation Monday that aims to replace the more generous financial assistance for Affordable Care Act health plans that’s set to expire at the end of the year.

The bill from Sens. Mike Crapo, R-Idaho, and Bill Cassidy, R-La., would send funds directly to health savings accounts paired with bronze or catastrophic plans offered on the exchanges in 2026 and 2027.

The Health Care Freedom for Patients Act would improve affordability while giving enrollees more control over the funds, the lawmakers said. Senate Majority Leader John Thune, R-S.D., said the proposal would be up for a vote Thursday .

Dive Insight:

Under the proposal, eligible beneficiaries between the ages of 18 and 49 earning less than 700% of the federal poverty l

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