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GOP releases revised healthcare bill, at least six senators not on board

Published 06/26/2017, 03:05 PM
© Reuters.  GOP releases revised healthcare bill, at least six senators not on board
  • Trying to consolidate support, Senate Republicans release a revised version of the American Health Care Act. The most significant change, taking effect in 2019, is a new provision to encourage Americans to maintain coverage to replace Obamacare's individual mandate. It would impose a six-month waiting period before the new insurance takes effect for anyone who has at least a 63-day lapse in coverage in the prior year.
  • The GOP still has not rounded up all the support it needs for passage. Some senators are still demanding changes. At least half a dozen, conservative and moderate alike, are still undecided or have indicated opposition. Majority Leader Mitch McConnell can only afford two defections and still pass the bill.
  • The Congressional Budget Office will release its analysis in about a week, including how many Americans may lose coverage and how much financial wiggle room McConnell has to bring holdouts into the fold with increased funding.
  • Yet another revision may be released tomorrow evening as lawmakers continue to make changes to mollify opposition.
  • ETFs: BIB GRX THW BIS CNCR IXJ BME IRY ARKG
  • Now read: Major Banks Claim To Be Ready To Comply With The Complex OTC Margin Reform


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