Trump says he supports Senate healthcare bill

Elias Hubbard
June 24, 2017

"The Senate bill, unveiled today, is not a health care bill", Obama wrote on Facebook. The House of Representatives narrowly passed its own Obamacare repeal and replacement bill in May. He's committed to making sure that no one who now is in the Medicaid program is affected in any way, which is reflected in the Senate bill and he's pleased with that. It would eliminate the individual mandate, which forces consumers to buy health insurance or face a fine, would make cuts to Medicaid and would keep protections for those with pre-existing conditions. He later reiterated Trump's support for the Senate bill multiple times. The House's bill factors in age, but not income, when determining how much financial assistance to provide people.

McConnell said Democrats chose not to help frame the bill.

However Obama, whose best-known domestic policy achievement stands to crumble, offered a scathing critique of the new bill just hours after its release. Until then, CNNMoney lays out how the plan would affect Americans. "The Senate bill may be even meaner". Under the Affordable Care Act, single taxpayers with incomes above $200,000 and couples making more than $250,000 annually have to pay an additional 0.9% Medicare payroll tax on the amount they earn above these thresholds. It's not even a health care bill! Cost-sharing subsidies are explicitly extended through 2019, an important detail that should help calm insurance markets. Insurers have been pressuring President Trump and congressional Republicans to guarantee the funding of the subsidies for months.

-Delay a new "Cadillac" tax on high-cost health insurance plans until 2026.

In 2017, the average deductible for a silver plan is just under $3,600, according to Health Pocket, an insurance shopping site. But bronze plans have an average deductible of almost $6,100.

Iowa is about to become the first state with ZERO insurers offering their services under the Obamacare scheme.

"I regret that our Democratic friends made clear early on that they did not want to work with us in a serious, bipartisan way to address the Obamacare status quo". "A little negotiation, but it's going to be very good".

Lower-income Americans could be left uninsured. About 11 million Americans gained coverage under Obamacare's Medicaid expansion provision.

Senate GOP bill: Creates $2 billion fund to provide grants to states for substance abuse and mental health treatment. States don't have the resources to make up the difference, so they would likely reduce eligibility, curtail benefits or cut provider payments.

McConnell may have a tough job convincing enough Republican senators that the Senate bill improves on the House version.

Older enrollees would see premiums soar. Obamacare now lets insurers charge older people only three times more.

That would mean that adults ages 60 to 64 would see their annual premiums soar 22% to almost $18,000, according to the Milliman study for the AARP.

Other reports by Click Lancashire

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