Senate Republicans set to release health-care bill, but divisions remain

There are 52 Republicans in the U.S. Senate.

Senate majority leader Mitch McConnell hopes to push it through his chamber next week but solid Democratic opposition - and complaints from at least six Republicans - have left its fate unclear. Senate Minority Leader Chuck Schumer, D-N.Y., joined by, from left, Sen. He said he doubted Democrats would help. "Instead of throwing tens of millions of Americans off of health insurance, we must guarantee health care as a right to every American". Specifically, the Republican bill would repeal the 3.8 percent tax on investment income and the 0.9 percent tax on annual income for households making over $250,000.

"We agreed on the need to free Americans from Obamacare's mandates".

The legislation will also have to undergo parliamentary scrutiny to ensure that it meets the strict requirements on what can or can't be included in a bill under the budget reconciliation process. It would also factor a person's age into how much money they are eligible to receive from the federal government to pay for health insurance.

"The current bill does not repeal Obamacare", Paul said in a statement. The American Medical Association, the American Hospital Association and AARP, representing older people, all criticized the measure. If not, I will oppose it. President Donald Trump called the House bill "mean" in a private setting.

But make no mistake: The Senate's plan, called the Better Care Reconciliation Act, is an bad bill.

Under Obamacare, almost everyone had to either obtain health insurance or pay a penalty.

"We have a responsibility to move forward, and we are", said McConnell, R-Ky. The bill eliminates most of the taxes imposed by the Affordable Care Act, and it bars people from using tax credits to buy policies that pay for abortion and blocks Planned Parenthood from getting any money from Medicaid. The so-called individual mandate - aimed at keeping insurance markets solvent by prompting younger, healthier people to buy policies - has always been one of the GOP's favorite targets.

The former President understood that the matter was now a pressing topic but he hoped that the new bill would not be repealed and replaced.

Lee and Cruz were originally part of the Senate's 13-member health care working group that began drafting the bill.

The nonpartisan Congressional Budget Office said under the House bill, 23 million fewer people would have coverage by 2026. The CBO is expected to weigh in on the Senate draft bill early next week.

PEARSON: The Medicaid cuts are even more draconian than the House bill was, though they take effect more gradually than the House bill did.

Numerous protesters got out of their wheelchairs and blocked the hallway - an unlawful act, the Capitol Police noted.

US hospital stocks were trading sharply higher after the bill was released. Insurers that specialize in Medicaid were also gaining, with Centene CNC.N up 3.5 percent and Molina Healthcare MOH.N rising 3.2 percent.

The healthcare sector has surged this week, fuelled by biotechnology stocks.

The Senate bill's treatment of insurance premium subsidies is tougher to calculate.

The legislation was crafted as a compromise between the current health care measure, commonly known as Obamacare, and a measure approved by the House of Representatives last month, according to Republican aides and lobbyists.

"The big sleeper, which I'm seeing more and more of the news picking up on, is to what extent the both House and Senate bills are ending Medicaid as we know it", Dunkelberg said.

Four Republican senators say they will not vote for the GOP health care bill unless changes are made, putting passage of the bill at risk just hours after it was unveiled. The ACA has made insurance more accessible and affordable for women, young adults and those with pre-existing conditions.

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