GOP Healthcare Bill Adds $70 Billion for Exchanges
  [Saturday, July 15, 2017 4:07:00 PM]
Senate Republican leaders released a revised health-care plan Thursday that would provide an added $70 billion to stabilize insurance exchanges over a decade in an effort to win over GOP holdouts.

The change comes on top of $112 billion provided for the same purpose in an earlier measure by Senate Majority Leader Mitch McConnell, who is hoping the modified bill will revive prospects for their embattled Obamacare repeal effort, which stalled about two weeks ago.

The new measure discards earlier plans to repeal three Obamacare taxes on the wealthy, according to the summary. That move effectively freed up about $230 billion in cash to bolster health expenditures.

The revised bill also includes a provision that would allow people for the first time to use health savings accounts to pay insurance premiums, according to the document.

It’s not clear whether the changes will gain enough backing to get through the Senate. More than half a dozen Republican and Democratic senators also have discussed alternatives to the GOP plan, which was developed without consulting Democrats.

Indeed, Republican Senators Lindsey Graham of South Carolina and Bill Cassidy of Louisiana on Thursday morning released their own alternative health plan that would shift much of current federal funding for Obamacare insurance and future funding directly to states, according to a statement from Graham’s office. Cassidy said he wants to offer his plan as an amendment to McConnell’s bill.

Because of the GOP’s narrow 52-48 majority, Republican leaders can lose no more than two votes in their party amid united Democratic opposition to efforts to repeal Obamacare.  

Sources: (
Newsmax, New York Times
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