Opposition To GOP Repeal Bill Inches Up, Intensifies

Opposition To GOP Repeal Bill Inches Up, Intensifies

Republicans possess only a narrow margin in the Senate, and can only afford to lose two votes from their 52-vote majority.

But shortly after the revamped bill's release, two Republicans confirmed their opposition against it, while at least five more expressed deep concerns. Even fully repealing the ACA would not cap spending for Medicaid in the way the Senate bill is proposing.

Republican leaders unveiled a new health care bill in their increasingly desperate effort to deliver on seven years of promises to repeal and replace "Obamacare".

A report from the Department of Health and Human Services showed that pre-tax credit premiums in the 39 states with federal-run individual marketplaces under the Affordable Care Act will average $476 a month in 2017.

That could free up about Dollars 230 billion to help contain health costs, supporters argue.

The revised legislation has $45 billion in opioid treatment funding - a top request from senators like Rob Portman of OH and Shelley Moore Capito of West Virginia - as well as in state stabilization money aimed at lowering premiums for high-cost enrollees. If that doesn't pass, there is no vote on the bill itself.

“Theres money, ” Collins told reporters, “but too many uses for that money.”.

Concessions to conservatives include giving states flexibility to let insurance companies offer cheap, no-frills plans alongside those that include certain health benefits mandated by Obamacare.

Some Republicans warn that such a move could end up abolishing protections for people with pre-existing conditions and send costs soaring for children and older insurance holders in the individual market.

Nagaland Governor again directs CM to prove majority
The Nagaland Cabinet had turned down Acharya's directive to summon an emergent assembly session for the floor test. In addition, 10 Naga People's Front (NPF) MLAs -including four ministers -were suspended from the party.

Among the Republican holdouts needed to pass the bill is one of Alaska's senators, Lisa Murkowski.

The conservative Cruz had been a critic of the earlier plan, but led the push to allow insurance companies to offer bare-bones plans. McConnell has sought to pass a bill with only Republican support, but he has struggled to secure the 50 Republican votes he needs.

Later in a tweet, she said she was prepared to work with Democrats "to fix flaws" in Obamacare. Her state has unusually high medical costs because much of it is remote, and it relies heavily on Medicaid, which the bill would cut. Shelley Moore Capito, Rob Portman and Dean Heller hail from states that depend on Medicaid expansion.

With Trump urging the Senate to act before taking the August break, McConnell pushed back the Senate's planned August recess by two weeks to allow senators more time to tackle the measure that would repeal key parts of Obamacare, as well as pursue other legislative priorities.

"The only thing that can change that is if the CBO announcement, which come out on Monday, indicates that there would be far fewer in Medicaid than I believe there are now", Collins said. We don't have any evidence there will be changes to the Medicaid portion of the health care bill, which could be problematic if leadership wants their votes.

McConnell said the plan was to vote on the healthcare bill next week, and said he hoped to have a fresh analysis of the bill from the nonpartisan Congressional Budget Office at the start of the week.

Top Senate Democrat Chuck Schumer said it appeared "little has changed" in the new plan.

The lawmakers wanted details and numbers on how the bill would affect rural and Medicaid-dependent people in their states.

"The cuts are every bit as draconian as they were in the previous version", he said.

Related News:

  • Manchester City Close to Signing Kyle Walker

    Manchester City Close to Signing Kyle Walker

    Walker fell out of favour under Tottenham manager Mauricio Pochettino last season after having his head turned by City's interest. I think Walker deal is great for both clubs.
    Trump to certify Iran complying with nuclear deal

    Trump to certify Iran complying with nuclear deal

    Obama's deal with Iran was a frequent focus of Trump's ire on the campaign trail. Tom Cotton, an Arkansas Republican, told Fox News.
    Analyst's Predictions on Time Warner Inc. (TWX), Ally Financial Inc. (ALLY)

    Analyst's Predictions on Time Warner Inc. (TWX), Ally Financial Inc. (ALLY)

    Returns and Valuations for Ally Financial Inc. (NYSE:TWX) traded down 0.60% during mid-day trading on Thursday, reaching $99.13. Zacks Investment Research cut shares of Time Warner from a buy rating to a hold rating in a report on Monday, February 13th.
  • Simon Lethlean and Richard Simkiss, senior AFL executives, resign over 'inappropriate relationships'

    Simon Lethlean and Richard Simkiss, senior AFL executives, resign over 'inappropriate relationships'

    AFL legal counsel and game development chief Andrew Dillon will be acting general manager of football while Darren Birch will be acting commercial manager.
    Sensex closes at record high, crosses 32000

    Sensex closes at record high, crosses 32000

    The lower inflation figures offer the Reserve Bank of India enough room for bringing the key interest rates down. Meanwhile, the Nifty was trading lower by 14.55 points or 0.15% at 9,877.15 with 31 components falling.
    Infosys CEO Arrives For Quarterly Result In Indigenously Built Autonomous Cart

    Infosys CEO Arrives For Quarterly Result In Indigenously Built Autonomous Cart

    Infosys, in the filing, said, "The company has asked, for business reasons, MD Ranganath the CFO to operate from the U.S. ". June quarter annualised consolidated employee attrition stood at 21.0 per cent versus 21.0 per cent year ago.
  • Tudor Investment Corp ET AL Sells 800 Shares of CenturyLink, Inc. (CTL)

    The net profit margin for the company is reported at 8.80% while the weekly performance for the same has been recorded at -6.16%. On average, equities research analysts anticipate that CenturyLink , Inc. will post $2.10 EPS for the current fiscal year.
    World's Smallest Phone Launched In India

    World's Smallest Phone Launched In India

    Available in India for a price of Rs 3 ,940, the Elari NanoPhone C comes in three color variants - Black, Rose Gold, and Silver. The basic feature phone is the flawless choice for a digital detox and is being termed as an innovative and high-value product.
    Carolina Panthers rank among world's richest sports teams

    Carolina Panthers rank among world's richest sports teams

    The Broncos are now valued at $2.4 billion, up 24 percent from last year's valuation by Forbes of $1.94 billion. This coincides with the fact that Kansas City is one of the smallest markets in the NFL .
  • International Business Machines Corporation (NYSE:IBM) Scheduled to Post Earnings on Tuesday

    Elm Advsrs Limited Liability has invested 1.01% in International Business Machines Corp. (NYSE:IBM) rating on Tuesday, October 20. State Of Tennessee Treasury Department invested 0.24% of its portfolio in International Business Machines Corp. (NYSE:IBM).
    Zvi Lando Sells 3192 Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) Stock

    Zvi Lando Sells 3192 Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) Stock

    Dynamic Technology Lab Private Ltd acquired a new position in SolarEdge Technologies during the first quarter valued at $178,000. Following the completion of the sale, the vice president now owns 49,203 shares of the company's stock, valued at $1,082,958.03.

    Chinese Trade Surplus Strengthens to $42.77 Billion in June

    Imports in June also came in stronger than expected, expanding 17.2% from a year earlier, after a 14.8% increase in May. But Huang Songping reaffirmed the view that the strong fundamentals of China's foreign trade have not changed.

Most liked

Human Rights Watch: Brazil Could See New Outbreak of Zika Virus
The screening will take place at 55 government hospitals across the country and will include head measurements as well as blood tests.

EasyJet to protect itself post-Brexit with new European company
Around 30% of easyJet passengers are flying on routes between and within the EU27, not touching the UK. The move is regardless of the outcome of talks on a future UK-EU aviation agreement, the company said.

WhatsApp now lets you shrae high-res pictures
The messaging app is reportedly in talks with with SBI bank to add bank-to-bank transfers via UPI (Unified Payments Interface). In a new whatsapp software update, it allows users to send any type of documents as attachment.

Sudan freezes sanction talks with United States for three months
Washington imposed a complex set of economic sanctions on Sudan in 1997 for its alleged backing of Islamist militant groups. Al-Bashir announced the decision in a brief statement carried by the official SUNA news agency on Wednesday.

SPDR S&P Insurance ETF (KIE) ATR in Focus as it Trends Higher
Looking further at additional technical indicators we take note that 14-day Commodity Channel Index (CCI) is sitting at 84.40. The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time.

Mexico, Jamaica play to scoreless draw
Mexico and Jamaica meet in a 2015 CONCACAF Gold Cup final rematch, with the two sides squaring off in Group C play in the 2017 edition in Denver.

Comedy group AIB in trouble for insulting PM Modi on Twitter
Bhat clarified that while he will withdraw such tweets to save himself from legal trouble, he will continue to make similar jokes. Posted with the hashtag "wanderlust", apparently the post was trying to take a dig at the Prime Minister for his foreign visits.

Texas man gets stuck inside ATM, writes 'please help' notes to customers
Later the contractor supervisor arrived, and police had to kick down a door to get the gentlemen out of the ATM room. The man started to send notes for help through the ATM receipt slot after realising customers were using the ATM.

Trump, Macron avoid criticism of China after death of Liu Xiaobo
Friday to respond to what it called "improper comments" by foreign officials. Liu Xiaobo died on Thursday after suffering multiple organ failure.

Comcast Corporation (CMCSA) Shares Bought by Mcdonald Capital Investors Inc. CA
Four equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Caldwell & Orkin Inc. purchased a new position in shares of Comcast Corporation during the fourth quarter worth $1,878,000.

Leeds sign Samuel Saiz from Huesca
Meanwhile, Macedonia worldwide Ezgjan Alioski has also signed a four-year contract for an undisclosed fee and joins from FC Lugano.

RoK central bank maintains key rate at 1.25 percent
It's the first time in seven years that the central bank has upgraded the economic growth rate twice in one year. The revision comes three months after the BOK's previous zero-point-one percent raise in April.

Reynolds American Inc (RAI) Stake Boosted by Harvest Management LLC
The Connecticut-based Chilton Investment Company Ltd Liability Company has invested 0.02% in Reynolds American , Inc. (NYSE:RAI). Pinnacle Fin Prns Inc stated it has 0.15% in Reynolds American , Inc. (RAI) is its Earnings per Share or EPS.

Calif. Gov., Bloomberg Launch New Climate Coalition
The pledge plans to track the efforts of those initiatives, so all of the groups who have promised to keep American emissions under the 26% to 28% of 2005 levels by 2025 can ensure they do so.

Nwam LLC Acquires 197 Shares of Union Pacific Corporation (UNP)
Shares of Union Pacific Corporation (NYSE UNP ) traded down 0.33% during midday trading on Thursday, reaching $108.85. Analysts have placed a $119.39 price target on Union Pacific Corporation, suggesting a 9.95% gain from recent close.