Economy

Senate hearing on Graham-Cassidy bill

Senate hearing on Graham-Cassidy bill”

In May, Cassidy told Kimmel he would only support a health care bill that would make sure that a child like Kimmel's would have health coverage.

Graham said Senate Majority Leader Mitch McConnell (R-KY) and Republican leadership have "done everything we've asked and then some", and House Speaker Paul Ryan (R-WI) said his chamber would pass the proposal if it cleared the Senate. The two recently spoke about the bill claiming that it is gaining momentum. "And if Democrats are willing to work with Republicans, it's a give-and-take proposition", Mr. Manchin, West Virginia Democrat, said on Fox News. Senate Republican leaders hope to use the "budget reconciliation process" (deadline September 30) to pass the repeal legislation and tax cuts, avoiding the need for a 60 vote supermajority.

Few details are known about the bill's impact.

Here's everything we know so far.

But Mr. Manchin said the current legislation does have it's problems as well and there needs to be a change in how people are grouped under Obamacare in order to provide affordable rates. The bill would eliminate the financial penalty imposed on those that don't oblige.

The proposed bill would let insurers charge higher premiums for people with pre-existing conditions. According to the CBPP, Maine would stand to lose $115 million under the plan. "Most of the one million people who reside in nursing centers rely on Medicaid, as well as tends of thousands of seniors in America's assisted living communities".

While that has drawn criticism from the left, who fear states will reduce coverage, it also has drawn criticism from the right, who fear states may use that flexibility to introduce single-payer systems. Sen.

Will it pass?: That remains unclear. The Arizona Senator also said that his party should concentrate on hearings as well as amendments rather than trying to force the bill through the Congress. Senate Finance Committee said that they were willing to listen to the bill next week. Many Republicans remain undecided.

Now, Graham and Cassidy said they believe they have close to 50 votes for the plan - despite several key senators still holding out - prompting GOP leaders to check if they can finally succeed.



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