Senate GOP health bill: Cut Medicaid, end no-coverage fines

Senate Republicans are expected to release a draft of their healthcare bill Thursday, with leadership hoping to vote on the measure before their July 4 recess.

Four GOP Senators have come out in opposition to the Republican health care bill, just hours after it was publicly released Thursday morning.

It abolishes two of the law's central mandates - that individuals must show proof of insurance when filing their taxes, and that firms with 50 workers or more must provide health coverage - while providing less money for moderate and low-income Americans buying insurance on the individual market.

The Senate's plan mirrors the House's work in abolishing the penalties that the ACA imposes on most Americans who fail to carry health insurance. He also noted that the bill would help “stabilize the insurance markets that are collapsing under Obamacare as well.”.

It also would provide $62 billion allocated over eight years to a state innovation fund, which can be used for coverage for high-risk patients, reinsurance and other items.

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.

The Senate bill's subsidies would end for people with incomes above 350 percent of the poverty line, thought they no longer would have a eligibility floor.

Senate Majority Leader Mitch McConnell and his lieutenants worked in secret for weeks on the Bill, and he said debate on it would start next week.

While the Senate bill is largely similar to the House passed-bill, there are some key differences.

"If the bill is good for Nevada, I'll vote for it and if it's not, I won't", said Heller, whose state added 200,000 additional people under Obama's law.

Currently, for a variety of reasons, we are not ready to vote for this bill, but we are open to negotiation and obtaining more information before it is brought to the floor.

Medicaid pays the bill for roughly two-thirds of Americans in long-term nursing home care.

McConnell's hoped-for vote within a week is likely to be met with significant resistance from Democrats, and some Republicans hinted they may not be willing to vote for the bill without more time to review the measure and gauge their constituents' feelings.

Many moderates are still likely to be displeased that the Senate draft will nearly certainly result in significantly more uninsured people than under the ACA, although it could look a little better than the House version on that measure, which is estimated to cost 23 million people their coverage in a decade.

Unlike the House bill, which bases its subsidies for private insurance on age, the Senate bill uses age and income. Instead of spending more money, Trump and his fellow Republicans are slashing those programs. He also says it "hands enormous tax cuts to the rich and to the drug and insurance industries, paid for by cutting health care for everybody else". That means they could flow to an estimated 2.6 million poor people in the 19 states that have not expanded their Medicaid programs - a group of Americans who until now have been caught without help.

The unveiling of the legislation marks the first time that the majority of the Senate GOP conference gets a comprehensive look at the health care proposal.

The Senate should rewrite the House bill. Other employer mandates would also be eliminated, as well as almost all of Obamacare's taxes.

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