Majority Leader Mitch McConnell is expected to bring the bill to the floor next week for a first procedural vote and the Cruz's proposal has already facing oppositions from groups representing patients and insurers, along with some other Republicans who want to maintain Obamacare's coverage requirements.
It also establishes a $45 billion fund to battle opioid addiction, an additional $70 billion in state subsidies to help low-income people, and allows people to pay for insurance premiums with health savings accounts. States would also be able to add the newly eligible Medicaid population to coverage under the block grant funding option.
The first: The new bill keeps some taxes established by Obamacare that were cut in previous versions, mostly notably a tax on investment earnings for high-income individuals and households that's expected to generate almost $200 billion over the next 10 years.
And it includes an amendment from Sen. Perhaps more important, it would have offered more comprehensive and more secure coverage to people who develop expensive illnesses than ObamaCare does. "The insurance companies make $15 billion a year".
But all is not lost.
Republican senators returned to Washington on Monday following a 10-day holiday recess still at odds with one another over the health care legislation, with the Republican president warning Congress not to go on recess without passing the health care legislation. Lindsey Graham, R-S.C. and Bill Cassidy, R-La., were unveiling their own plan to replace Obamacare.
The tax on net investment income imposes a 3.8 percent surtax on income a person gains from investments.
Based on the amount of money set aside through the state stability fund, Alaska would likely end up with hundreds of millions of dollars annually toward its health insurance markets. The Affordable Care Act included a $500,000 deduction annual limitation for officers, employees, directors of health insurance providers.
Families USA, a leading national voice for health care consumers, is dedicated to the achievement of high-quality, affordable health care and improved health for all.
Cuts to Medicaid would be particularly harmful to CT, which expanded the program under the Affordable Care Act. McConnell's new proposal points to an increasingly thoughtful environment on policy.