The Senate bill, which is thought broadly similar with the one passed by the House last month, would end the requirement that most Americans have health coverage while setting up a revamped system of tax credits to help people buy insurance on the individual market.
The largest chunk of savings would come from cuts to Medicaid, federal spending on which the CBO predicts would decline by 26 percent over the next ten years. According to the C.B.O., average premiums for benchmark plans would surge 20 percent in the first year, based on the expectation that fewer health people would purchase insurance coverage.More news: Sarin gas confirmed as weapon in deadly Syria attack
Every Senate Democrat has declared opposition to the legislation, and the bill will not pass if three Republican senators oppose it. But, she said, "CBO analysis shows Senate bill won't do it". That leaves room for negotiations with Ted Cruz and other on-the-fence GOP senators to flip them to "yes" votes on the plan. The CBO's report estimates that by next year, 15 million more would be uninsured.More news: California sheriff's deputy shot in face out of surgery
Senate Majority Leader Mitch McConnell on Capitol Hill in Washington. It would eliminate the mandates that require almost all Americans to have coverage and companies with more than 50 workers to provide health benefits.
The Congressional Budget Office on Monday released its analysis of the Senate Republican healthcare bill, projecting significant coverage losses both immediately and over the next decade if the legislation were to become law. "I have a hard time believing I'll have enough information for me to support a motion to proceed this week", Johnson said.
Meanwhile, the mainstream media seems to have missed the real important aspect of this bill, according to Fox News.More news: Brokers Change Their Target Price On Navios Maritime Partners LP (NYSE:NMM)
- Kevin Durant to release 'Still KD' documentary chronicling path to National Basketball Association title
- Thrilling 'Baby Driver' a fun romp with a killer soundtrack
- China Manufacturing Gauge Strengthens on Growing Global Demand
- No Evidence, NIA To Close One Probe Into Kashmir Terror Funding
- A test of M&A nerve: Rio Tinto coal assets elude Glencore
- North Korea 'tests rocket engine for ICBM'
- Jürgen Klopp determined to get Naby Keita
- StarCraft Remastered Comes Out August 14
- Record low gas prices over holiday weekend
- LG V30 Rumor Claims That It Will Ditch Secondary Display