WASHINGTON (AP) -- The House has rejected a bipartisan fix to the Affordable Care Act that would exempt U.S. health plans sold to expatriate workers from having to comply with the law's mandates.
The legislation is aimed at helping U.S. insurance companies like Cigna and Metlife that are now at a competitive disadvantage with overseas firms that do not have to comply with mandates such as the tax on high-end plans and a host of reporting requirements.
The measure garnered a 257-159 majority but failed to win the two-thirds required to pass under expedited procedures.
Top Democrats say the measure contains loopholes that would allow insurance companies to sell inferior policies to American and foreign workers and their families in the United States.
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