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'ssubsidies 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.
US Justice Department regulations outline that a special counsel can be fired by the US attorney general "for cause". Some of Mr Trump's allies have begun questioning Mr Mueller's credibility as the investigation intensifies.
It quotes the prime minister as saying he hopes the dispute between Qatar and its Arab neighbors will be resolved soon. The Eritrean Information Ministry statement of support came despite previously close ties with Qatar.
Another key indicator that can help investors determine if a stock might be a quality investment is the Return on Equity or ROE. CytRx Corporation (CYTR ) 52 week low value is at $0.36 and its current distance from 52 week low value is 85.54%.
Asked if the death toll could climb to triple figures, he said: "From a personal perspective, I really hope it isn't". But the shock at its scale turned to anger and recriminations on Thursday (Friday NZT).
However, in an nearly unprecedented act, a proposed "confidence and supply" deal with the DUP has ended up delaying the speech. Brexit minister David Davis insisted the government still aimed to take Britain out of the European Union single market.
Hillsborough County commissioners have voted to keep a Confederate statue outside the Hillsborough County courthouse. A time capsule the size of a cash box was found inside, something cemetery sexton Don Price expected to find.
In Whole Foods , Amazon is acquiring a company that recently has come under pressure from investors for its lagging performance. And it shakes up a US grocery industry that has been struggling to keep up with growing competition, both in stores and online.
He said he could not read the prescription bottle, Gianna Constand testified , so he agreed to write it down and send it to her. To hear her talk about something I never heard her talk about, to see her cry, was really hard for me.
The 30-year-old man got out of the still-moving vehicle and fired shots at the woman, striking her multiple times, police said. Guglielmi said investigators believe that the two were married but they were continuing to try to verify their identities.
It added: "The University of West London (UWL) is aware of a number of students living in or near to Grenfell Tower". The brothers were separated as they tried to escape the building during the fire early Wednesday.
He "was treated and released having sustained a minor injury during the incident", Capitol Police said in a statement . Bernie Sanders' presidential campaign. "I am sickened by this despicable act", said Sanders from the Senate floor.
Sensex hits new peak at 31494 on Sebi measures
Foreign funds sold shares net Rs 152.82 crore yesterday and DIIs sold 41.39 crore, as per the provisional figures. The NSE Nifty, however, ended down 3.60 points, or 0.04 per cent, at 9,630.
South Sudan has world's fastest growing number of displaced
To tackle the pressing issue, the European Union has allocated about 87% of its humanitarian assistance to help displaced persons. It puts the global refugee count at 22.5 million, internally displaced at 40.3 million and asylum seekers at 2.8 million.
Jurors deadlocked on Bill Cosby
Both Cosby and Constand were in the Norristown, PA courtroom when the jury came in to listen to the judge this morning. Following the failure to reach a unanimous decision, the judge encouraged the 12 jury members to come to a consensus.
Samsung Galaxy S8 Protecting Their Display By Limiting Users
However, to take the crown of "best phone of the year" the Galaxy Note 8 will have to beat its popular sibling - the Galaxy S8 . According to the reports , it looks like Vivo is going to launch a new smartphone this month i.e June 28th to be precise.
Alaska's unemployment rate is highest in the nation
Job-losing industries over the year were: information, down 10 to 240; and professional and business services, down 30 to 1,650. He noted that May was disappointing for the overall US job market as well, with job growth falling below expectations.
Proposal limits tax credit funds, retains gas project money
That bill spends about $60 million more than the Senate version and could be put to a vote in the chamber as early as Wednesday. Some members expressed their frustration at the inability of the conference committee to report back on the tax reform bill.
Russian Youth for change Joins Navalny's Protest
Protests for Russia Day, a national holiday, are said to be the largest demonstrations against Putin's government since 2012. The rally was this year's second show of seemingly growing popular discontent over corruption in the Russian government.
House 'covfefe' bill would save presidential tweets
Quigley cites Trump's "frequent, unfiltered use of his personal Twitter account" as the reason behind the bill . His messages on the social media site are sometimes riddled with spelling and grammar mistakes.