Obama slams new Republican healthcare bill

With no Democrats planning to support the repeal and replacement, Mr McConnell and party can only afford to lose two members of their 52-48 majority in the Senate in order to pass the bill. Those with private insurance will experience higher premiums and higher deductibles, with lower tax credits to help working families cover the costs, even as their plans might no longer cover pregnancy, mental health care, or expensive prescriptions.

In March, when House Republicans published their bill to replace Obamacare-the American Health Care Act-I described it in Forbes this way: "GOP's Obamacare Replacement Will Make Coverage Unaffordable For Millions-Otherwise, It's Great".

Molina also said that the bill's proposal to tie cost-sharing subsidies to the lowest-level "bronze"-rated healthcare plans will make coverage less affordable, not more, by raising customers' out-of-pocket costs". Hit hardest, said Hoff, would be people on Medicaid as well as those who purchase individual health insurance plans. The new Bill won't change the Obamacare as drastically as the House legislation passed in May, but demands significant cuts that would likely benefit the uninsured.

The Blue Cross Blue Shield Association represents plans that are the backbone of HealthCare.gov and state health insurance markets created under former President Barack Obama's law.

The other GOP senators who oppose the bill are Sens. Four conservative senators-Rand Paul of Kentucky, Ted Cruz of Texas, Mike Lee of Utah, and Ron Johnson of Wisconsin-announced they would oppose it without changes, which is more than enough to bring it down. "I hope that President Trump delivers on his promise to provide more Americans with better health care for less money".

On Twitter, Trump said he was "very supportive" of the bill.

Sens. Dean Heller of Nevada, facing a competitive 2018 re-election battle, Rob Portman of OH and Shelley Moore Capito of West Virginia expressed concerns about the bill's cuts to Medicaid and drug addiction efforts.

Both House and Senate bills remove the ACA mandate that all Americans be covered by health insurance or face a tax penalty. Bernie Sanders went so far to call it "by far the most harmful piece of legislation [he's] seen in [his] lifetime".

For the House of Representatives' version of healthcare, Trump held regular meetings with representatives at the White House.

The Congressional Budget Office has yet to release estimates on the Senate health care bill.

Hospital groups came out against the bill on Thursday. It would phase out Obamacare's expansion of the Medicaid programme for the poor more gradually, waiting until after the 2020 presidential election, but would enact deeper cuts starting in 2025.

  • Leroy Wright