Senate Republicans Expected To Unveil New Replacement Plan For Obamacare

Republicans in the Senate are expected to unveil their own health care bill later on Thursday aimed at replacing Obamacare with cuts made to Medicaid while gradually phasing out its expansion, eliminate taxes on the wealthy, and end funding for Planned Parenthood.

On May 4th Republicans in the House of Representatives narrowly approved a House version of a health care bill called the American Health Care Act that President Trump later said was “mean” which increases the number of people who are uninsured by 23 million in 2026 and an estimated 51 million people under age 65 would be uninsured, according to the latest score from the Congressional Budget Office (CBO).

After Republicans in the House passed the American Health Care Act by a slim margin of 217 to 213 on May 4th, some Senate Republicans came forward on Sunday talk shows saying they won’t endorse the House healthcare replacement plan while vowing to not vote on the bill in the Senate and claiming they would write their own version of the health care bill.

According to a Reuters poll taken from June 9-13th a majority of Americans believe that the House approved American Health Care Act would be harmful to low income Americans, people with pre-existing conditions, and Medicaid recipients.

Based on the Reuters poll, 41 percent of American oppose the House approved American Health Care Act while 30 percent support it and 29 percent said “they don’t know.”

A Congressional Budget Office score of the House approved American Health Care Act released on May 24th shows that Medicaid cuts would amount to $834 billion from 2017-2026.

It would reduce direct spending by $1,111 billion and reduce revenues by $992 billion, for a net reduction of $119 billion in the deficit over that period.

Written and Edited By:

John Schweitzer

@SchweitzFinance

schweitz31@gmail

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