“Senate GOP’s Health Care Bill Would Slash Medicaid, Cut Taxes” -NBC News

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Summary: ” The measure also keeps a analogous program to assist people who buy insurance out of pocket, known as the individual marketplace, afford the insurance through tax credits based upon income, combining the ideas in back of Obamacare, and the House bill. With no Democrats expected to support a repeal of the Affordable Care Act, McConnell shall be able to only afford to lose two votes, for the measure to pass. The House bill gave people tax credits based upon age, severely impacting older Americans who would see premiums rise up by more than 700 percent, according to analysis of the bill. By basing tax credits on income, the Senate is aiming to ensure older Americans aren’t penalized. by Leigh Ann Caldwell WASHINGTON — Senate Republicans have unveiled a draft of their legislation to revamp the government’s role in the nation’s health care system, a proposal that includes big reductions to Medicaid, defunds Planned Parenthood, eliminates the Obamacare mandate requiring individuals to buy insurance, and offers tax credits to assist people afford insurance while slashing taxes, for the wealthy. “There’s a lot of areas that are probably subject to dials: tax credit, Medicaid.” The CBO analysis of the House bill says that 23 million people would lose insurance in the next decade under their bill, which President Donald Trump called “mean” in a meeting with senators previously in time this month. Johnson has been advocating a bill that more drastically cuts from the Affordable Care Act. But unlike Obamacare, which gives a subsidy upfront, the Senate bill would provide a tax credit, to be received following the fact. “I think we’re probably going to have access to a lot of push back from people from the correct in the House but I want to look at it in terms of South Carolina,” Graham said. The bill winds down the expanded Medicaid program under Obamacare at the end of 2020 — a longer timeline than the House health care bill that was passed in May. A .9 percent tax on income, for those making more than $250,00 per year is repealed in 2022, but a three percent tax on investment income is repealed retroactively, going back to 2016. Republican senators say the bill makes no changes in the law protecting Individuals with pre-existing conditions from being denied insurance.”

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