Senate GOP Rolls Out BCRA Revision

Senate GOP Rolls Out BCRA Revision”

The idea has been controversial, as other Republicans have raised concerns that it would destabilize the marketplace and make insurance unaffordable for sick people - concerns echoed by the insurance industry this week.

"I think we're making serious progress towards coming together and unifying our conference and getting a bill that can command the support of at least 50 senators and pass into law", he said in a radio interview.

The fate of the Senate legislation to overhaul Obamacare hung in the balance Wednesday: Intra-party divisions remained, policy questions were outstanding and GOP senators had just days left to find a solution before Majority Leader Mitch McConnell was expected to bring a bill to the floor for a first procedural vote next week.

Also Thursday, Sen. Lindsey Graham of SC floated an alternative to the GOP bill that he will offer as an amendment, so long as the underlying bill reaches the floor.

The redone legislation, created to muster enough votes for passage, was expected to be released Thursday. "This bill will still throw millions of Americans off of health insurance by cutting Medicaid by almost $800 billion over the next decade". The new draft was not expected to make major changes in the cuts.

"But the one certainty of the Senate GOP health plan is that it guarantees a profit for Big Insurance".

For his part, Mr. Cruz says it's better to subsidize people with preexisting conditions with direct revenue than force healthy people to pay higher premiums.

Senate Majority Leader Mitch McConnell on Thursday released a revamped Republican health care bill, and it seeks out conservative support by letting insurers sell low-premium policies with skimpy coverage. It's being billed as pro-consumer, allowing freedom of choice and potential savings for many. "This is particularly true for patients with pre-existing conditions - who would be most affected and potentially lose access to comprehensive coverage and/or have plans that were far more expensive, as premiums in the exchange market would rise much faster than under existing market conditions and insurance options dwindle". Governors also would be able to include those who receive coverage under the Medicaid expansion in their block grant applications.

Junk insurance can include several types of health care coverage: limited-benefit, specified disease plans that cover only certain diseases; supplemental plans that cover only the expenses another policy doesn't; and fixed-dollar indemnity plans that provide a specified amount per day toward medical costs.

Or how about the 42-year-olds who aren't sick now, but had health scares in the past?

The center said deductibles for the 60ish group would increase by a national average of $3,000 to $6,000. The latest version of this scheme does not change the fact that it still sells out the middle class, seniors, children and individuals with disabilities; Pennsylvania families will pay more for less health care coverage with fewer protections. Susan Collins of ME said she can not support the new plan because it still curtails the growth of federal spending for Medicaid, the insurance program for the poor.

To check what conservatives say is the "unsustainable" growth of Medicaid spending, the GOP bill lowers the rate of traditional Medicaid spending and caps how much is spent on each person.

But the legislation has been challenged by two Republican senators, Bill Cassidy of Louisiana and Lindsey Graham of SC, who introduced a competing plan Thursday.

However, addiction experts say those with drug problems would still be hurt by Medicaid cuts because they suffer from depression and other health problems that contribute to their addiction.

"It needs to be in the underlying text", he said. "I am withholding judgment and look forward to reading it", a second tweet said. Those funds could be used to subsidize premiums for people with health problems.

Like this


25 January 2018
Will future technology cause us problems?
Oh, and we have robotic combine harvesters, tractors and spreaders that are driven by a computer, working off satellite data. We’re slowly but surely getting to the stage where absolutely everything we do needs to be facilitated digitally.

14 July 2017
Ex-Bush ethics lawyer on Trump Jr. meeting: 'This borders on treason'
We do not collaborate with Russian spies, unless we want to be accused of treason. But on Sunday, presented with The Times's findings, he offered a new account.

14 July 2017
Federal Judge Limits Trump Administration Travel Ban Enforcement Rules
"Common sense, for instance, dictates that close family members be defined to include grandparents", U.S. District Judge Derrick Watson said in his ruling.

14 July 2017
Reasons Why Home Depot is One of the Best S&P 500 Stocks
Shares of Home Depot, Inc. "(The) (HD) Shares Sold by ProShare Advisors LLC" was posted by BNB Daily and is owned by of BNB Daily. Finally, BTIG Research raised their price target on shares of Home Depot, Inc. (The) in a research note on Friday, June 16th.

14 July 2017
LA County Firefighters fight blaze in Newhall Pass area
More than a dozen crews including bulldozer units were dispatched to help fight the fire. At 3 p.m., fire officials were still reporting eight acres burned.

14 July 2017
Manchester City close to deal for Benjamin Mendy
Manchester City are also said to be close to sealing a deal for Tottenham right-back Kyle Walker, with a fee of up to £50 million having been agreed.

14 July 2017
Silver Wheaton Corp (WPM) Lifted to "Hold" at Zacks Investment Research
It dived, as 7 investors sold ASA shares while 7 reduced holdings. 11 funds opened positions while 30 raised stakes. Highbridge Cap Mngmt Limited Liability Com has invested 0.01% in Independence Contract Drilling Inc (NYSE:ICD).

14 July 2017
Ligand Pharmaceuticals Incorporated (LGND) Given Consensus Rating of "Buy" by Analysts
It is positive, as 23 investors sold LGND shares while 85 reduced holdings. 19 funds opened positions while 28 raised stakes. Kalmar Investments Inc increased 8X8 Inc (NASDAQ:EGHT) stake by 258,876 shares to 1.59 million valued at $22.80M in 2016Q4.

14 July 2017
Taliban gunmen kill 7 in Afghanistan
Highways across the country are spotted with lawless areas where militants attack travelers suspected of serving the government. Taliban fighters stopped the private bus a few kilometers from Farah, he added.

14 July 2017
The Retail Properties of America, Inc. (RPAI) Position Boosted by Amalgamated Bank
Hallmark Capital Management Inc.'s holdings in National Retail Properties were worth $1,426,000 as of its most recent SEC filing. Jefferies maintained Retail Properties of America Inc (NYSE:RPAI) on Tuesday, June 20 with "Hold" rating. (NYSE:NNN).