Senate Republicans are giving it one last shot. They have until the end of September under budget reconciliation rules to repeal and/or replace Obamacare without having to resort to 60 votes in order to quash a filibuster by the opposing party.
Democrats are charging that components of this legislation are “more draconian then previous attempts at repealing the Affordable Care Act.”
The Graham-Cassidy bill would repeal the individual and employer mandates, as well as shift Obamacare’s Medicaid expansion funding and insurance subsidy structure into a block grant for states.
ABC News reports that from 2020 to 2026, states would receive a set amount of federal funding to be used at their discretion for health care coverage, but cost-sharing subsidies the federal government pays to insurance companies to lower the cost of some plans on the individual insurance markets and money some states receive to expand their Medicaid rolls would go away.
The 31 states that applied for Medicaid expansion funding under the Affordable Care Act would see that money rolled back and eventually cut off. Graham-Cassidy would also allow people over the age of 30 to buy into catastrophic coverage plans which have high deductibles but lower premiums and fewer benefits as a way to get more healthy people covered. The bill would also allow insurance companies to charge older Americans five times more than younger Americans. The Congressional Budget Office says that it will offer a preliminary assessment of the bill because of time constraints.
Senate Minority Leader Chuck Schumer says the bill is more dangerous than any of the previous Republican-led bills.
Our Note: It is important that, no matter where your political ideology falls on the proposed new legislation, that each of us explore and research the ramifications of such a bill becoming law. We never endorse an agenda, ideology or political persuasion but encourage all to do their homework before forming an opinion.
Source: Gary R’nel
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