How The Senate Health Care Bill Could Disrupt The Insurance Market

It is highly unlikely that any of the 48 members of the Senate Democratic Caucus will support this bill, which means that Senate Majority Leader Mitch McConnell (R-KY) can only afford to lose two Republicans or the bill will fail. The package represents McConnell's attempt to quell criticism by party moderates and conservatives and win the support he needs in a vote he hopes to stage next week.

The House version of the health care bill tries to discourage healthy people from fleeing the market by allowing insurance companies to charge a premium for those who don't maintain continuous coverage. The bill would also bar using tax credits to buy coverage that includes abortions. "It's worse in the Senate bill".

McConnell said in an interview with Reuters last month that he told Trump early on in the process that he did not need his help but that there may be a role for him later.

Louisiana Gov. John Bel Edwards, a Democrat, said his first review of the Senate legislation "raises several red flags for the state".

Any new Senate bill would have to be reconciled with the House version.

SENATE BILL - Preserves this rule, but patients with serious illnesses may find that their coverage is less valuable if they live in a state that eliminates benefit requirements or allows limits on coverage. They said GOP characterizations of the law as failing are wrong and said the Republican plan would boot millions off coverage and leave others facing higher outof pocket costs.

The Senate's 142-page proposal, worked out in secret by a group led by McConnell, aims to deliver on a central Trump campaign promise to undo former President Barack Obama's signature healthcare law, which has provided coverage to 20 million Americans since it was passed in 2010.

However Obama, whose best-known domestic policy achievement stands to crumble, offered a scathing critique of the new bill just hours after its release. It would phase out Obamacare's expansion of the Medicaid program for the poor more gradually, waiting until after the 2020 presidential election, but would enact deeper cuts starting in 2025.

Trump publicly celebrated the House bill's passage, only to later criticize it in private as "mean".

Ohio Republican Sen. Rob Portman said recently he saw no need to rush without enough time to consider the bill's nuances. Rural Maine would be hit especially hard, as the outlying areas of the state are more reliant on Medicaid funding for health services. The bill would create a new system of federal tax credits to help people buy health insurance, while offering states the ability to drop numerous benefits required by the ACA. The so-called individual mandate - aimed at keeping insurance markets solvent by prompting younger, healthier people to buy policies - has always been one of the GOP's favorite targets. The estimate was released Friday by Arizona's Medicaid agency, which analyzed the effects of the legislation on the state health insurance program for low-income people.

(Des Moines) - At least one prominent Iowa Democrat is voicing concerns about the Senate Republican health care plan unveiled Thursday.

The Senate bill proposes repealing the 3.8 per cent net investment income tax on high earners retroactively to the start of 2017. Ted Cruz of Texas, Rand Paul of Kentucky, Mike Lee of Utah and Ron Johnson of Wisconsin.

  • Larry Hoffman