What Wall Street Thinks Of The New Healthcare Reform Bill

Insurance companies losing money on the exchanges because of the risk pool imbalance are leaving the market. So much for President Trump’s big campaign promise: “We’re going to have insurance for everybody” – with coverage that would be “much less expensive and much better”.

In January, Paul introduced the Obamacare Replacement Act (S. 222) to allow Americans to choose more affordable, government-free insurance. Those changes will make it harder for lower-income people to afford coverage and will likely discourage healthy people from buying coverage, driving up prices.

Let’s start with Medicaid.

Tuesday on the Senate floor, U.S. Senator John Cornyn (R-TX) discussed the American Health Care Act. They are also anxious by Republican plans to reduce the base rate for Medicaid reimbursements.

It maintains medicaid expansion until 2020 – relied upon by many of Mr Trump’s own supporters – but will institute a cap thereafter on how much states can spend on medicaid. The American Medical Association, the American Hospital Association, AARP and a host of other advocacy groups have come out in opposition to the plan. “The legislation, the first such bill that House Republican leaders have produced, would eliminate hundreds of billions of dollars of federal aid that has allowed states to expand their Medicaid programs to millions of previously uninsured poor people”.

Current law: Insurers can charge their oldest customers no more than 3 times what they charge young adults. So the second part of Obamacare is the individual mandate, which requires everyone to buy insurance.

Both Democrats and Republicans are expected to try to reshape legislation that dismantles key provisions of the 2010 Affordable Care Act, Democratic former President Barack Obama’s signature domestic policy achievement.

Pelosi said she doesn’t like that idea but would be willing to include it in a compromise bill if Republicans were willing to accept the expansion of Medicaid, which provides care for low-income families and disabled Americans. Word to Mr. Chaffetz: Health insurance costs more than $18,000 a year for an average family; an iPhone costs a few hundred dollars. But it also has some more controversial measures, such as curtailing federal support for Medicaid and providing refundable tax credits based mainly on age, not income.

“There’s a pretty big the medical-industrial complex in America”, Rep. Greg Walden of OR, chairman of the House Energy and Commerce Committee, told reporters. The Republican alternative raises this ratio to 5-to-1 and gives states the flexibility to adjust it if they need to. Republicans should get down to work on fixing those problems and making the ACA what it was meant to be – affordable.