“Senate Health Care Bill Includes Deep Medicaid Cuts” -NBC News

NBC News
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Summary: ” 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. Rob Portman of Ohio, and Susan Collins of Maine and, also conservatives care for Sens. 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, eliminates the Obamacare mandate requiring individuals to buy insurance, and offers tax credits to assist people afford insurance while slashing taxes, for the wealthy. 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. The measure also helps 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.”

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