Speaker of the House Mike Johnson speaks during a news conference at the U.S. Capitol on the tenth day of the federal government shutdown on Oct. 10, 2025, in Washington, D.C. (Alex Wroblewski/AFP via Getty Images)
Republicans also plan to appropriate funding for cost-sharing reductions beginning in 2027, which are designed to lower out-of-pocket medical costs in the individual healthcare market. House GOP leadership aides said it would bring down the cost of premiums by 12%.
New transparency requirements for pharmacy benefit managers (PBMs) are also in the legislation, aimed at forcing PBMs to be more upfront about costs to employers.
PBMs are third parties that act as intermediaries between pharmaceutical companies and those responsible for insurance coverage, often responsible for administrative tasks and negotiating drug prices.
PBMs have also been the subject of bipartisan ire in Congress, with both Republicans and Democrats accusing them of being part of a broken system to inflate health costs.
But the most divisive measure for Republicans is likely not yet fleshed out.
Rep. Jen Kiggans is among the House GOP moderates pushing for an ACA extension vote. (Anna Moneymaker/Getty Images)
A majority of House Republicans are against extending the enhanced Obamacare subsidies, which were designed to get affordable health insurance for more Americans during the COVID-19 pandemic.
Democrats voted to pass the enhanced subsidies in 2021 and extended them through 2022 when they controlled Congress.
A group of moderate House Republicans has joined Democrats now in vehemently pushing for those subsidies to be extended again, as millions of Americans face near-certain healthcare price hikes beginning in January.
Two separate bipartisan efforts have been launched to force a vote on extending the subsidies in some form. But any such push would require support from virtually all House Democrats to succeed, and their leaders have not given their blessing to either plan.
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"We're going to evaluate every single good faith proposal. But it has to meaningfully provide certainty to the American people who are at risk of having their health care ripped away from them," House Minority Leader Hakeem Jeffries, D-N.Y., told reporters on Friday.
But conservatives have warned they would not support any such extension unless paired with significant reforms to what they view as a long-broken system that fuels healthcare price inflation.
"I think that would be a disastrous plan. I mean, we've clearly seen that Obamacare is the Titanic. It's going down. I think throwing money after it is just going to be wasteful," House Freedom Caucus member Rep. Eric Burlison, R-Mo., told Fox News' Chad Pergram on Friday.
Elizabeth Elkind is a politics reporter for Fox News Digital leading coverage of the House of Representatives. Previous digital bylines seen at Daily Mail and CBS News.
Follow on Twitter at @liz_elkind and send tips to elizabeth.elkind@fox.com
https://www.foxnews.com/politics/house-gop-unveils-healthcare-plan-ahead-vote-next-week-cost-hike-looms-millions