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



14 July 2017
Daimler Allegedly Sold Over 1 Million Cars With Excess Emission
The motors were built into more than one million cars and vans by Daimler, including C, E and R class Mercedes. Shares of Daimler AG (ETR: DAI ) traded up 0.26% during mid-day trading on Tuesday, hitting €64.40.

14 July 2017
Verizon Communications' (NYSE:VZ) "Hold" Rating Reaffirmed at Jefferies Group LLC
The cell phone carrier posted $0.95 Earnings per share for the period, falling below Zacks' average forecast of $0.98 by $0.03. Following the transaction, the executive vice president now directly owns 8,429 shares in the company, valued at $379,305.

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
Wall St flat as focus shifts to quarterly earnings
Tiffany rose 1.9 percent as it named Alessandro Bogliolo, a veteran of the luxury industry, as its chief executive. In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Thursday.

14 July 2017
DOJ busts 115 medical professionals in $1.3B fraud case
The heavy-handed move came at a time when opioid-related drugs were becoming an epidemic in especially rural regions in the US. Among those charged are six MI doctors accused of a scheme to prescribe unnecessary opioids.

14 July 2017
Five Suspected Acid Attacks Carried Out In London In Under 90 Minutes
Last month, a young woman was celebrating her 21st birthday when a man threw acid through the open window of her vehicle . Two Australian sisters were seriously burnt in April after acid was flung into the Mangle nightclub in East London.

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
Deutsche Bank Maintains Rating And Raises Price Target On Centene Corporation
OZ Management LP bought a new stake in shares of Centene Corporation during the first quarter worth approximately $4,632,000. Howard Hughes Medical Institute raised its stake in shares of Centene Corporation by 96.7% in the first quarter. (NYSE:MAN).

14 July 2017
Woolies to remove single-use plastic bags
Mr Banducci said plastic would be used less across all parts of the business, not just at the cash registers. BIG W customers may be given re-usable bags at no extra cost Banducci said.

14 July 2017
Havaianas Sold For $1.1 Billion
Founded by Scotsman Robert Fraser in 1962, Havaianas' popularity soared in the 1990s when well-off Brazilians began wearing them. The scandal has reached the top of Brazilian politics with President Michel Temer among those accused of corruption .