Congress is back from its July Fourth break, facing a daunting to-do list, like the reauthorization of expiring programs, funding for veterans, children’s health insurance and the Federal Aviation Administration. Lawmakers are scheduled to start their August recess in just three weeks. Health care is at the top of Congress’ agenda, but if it doesn’t […]
It started with a national wage cap during WWII.
The Senate is working to get its own version of the American Health Care Act ready before it goes on recess July 3. Only a small group of senators is working on it, without the input of many other people. This has been frustrating for some consumer groups, who say they’ve been locked out. So many […]
The Congressional Budget Office estimates 23 million more Americans will be without insurance by 2026 under the amended bill.
The Congressional Budget Office will release its assessment, or “score,” of the House GOP’s revised health plan this afternoon. When the first draft was released back in March, the CBO estimated 24 million people would lose health insurance under that plan. Among the questions are, will this revised plan cover more people than the last […]
Legal wrangling between the Trump Administration and House Republicans leaves $7 billion of Obamacare subsidies in question. That has health insurance executives reaching for antacid, because it means they may have to jack up premiums. They have to assume that fewer people will buy health insurance if they don’t get subsidies to pay for it, […]
'It is a terrible mistake' to vote on health care bill without a CBO score, the former director says
Douglas Elmendorf says the agency will build on the estimated economic impact for the original legislation.
Leigh Gallagher of Fortune and Sudeep Reddy of Politico join us to discuss the week’s business and economic news. This week, they talk about the GOP’s health care bill falling apart and what comes next now that President Donald Trump shifts focus on tax reform.
The latest carrot that House leadership and the White House are using to win conservative Republican votes for the health care bill is repealing an Obamacare provision that standardized insurance policies. Under Obamacare, virtually all insurance policies cover things like hospitalization, mental health, prescription drugs and pregnancies – known as essential health benefits. But guaranteeing those […]
If more people lose insurance, hospitals will lose millions of dollars.