Read Senate Republicans' latest version of the health care bill

Posted July 15, 2017

One of the many ways the new Senate healthcare bill unveiled on Thursday screws over poor and sick individuals is by granting health insurers permission to offer plans that don't cover preexisting conditions.

The "insurance executive tax break" allows a health care insurance company to deduct from its taxes up to $500,000 of the pay of each top executive in the company.

The new bills hopes to lure in conservative factions by letting insurers sell low-priced, bare-bones policies and hopes to lure moderates with added billions to combat opioid abuse and help states rein in consumers' skyrocketing insurance costs.

Sen. Lamar Alexander, who helped write the first version of the bill, said he is reviewing the legislation and awaiting the score from the Congressional Budget Office, expected on Monday.

One major change to an earlier version of the bill is its retention of two taxes imposed by the Affordable Care Act on those with high incomes. But the inclusion of an amendment proposed by Sen. Ted Cruz, R-Texas, insurance companies would also be allowed to sell low-priced plans that do not meet "Obamacare" standards.

The measure would still eliminate other tax boosts Obama levied on insurers, pharmaceutical producers and other health industry companies.

But all is not lost. In a statement Thursday, Sen. Lindsey Graham and Bill Cassidy, a physician.

"This bill went much more conservative, and that's not going to help attract moderate republicans to vote for it", said Stevenson. The original draft allocated $112 billion for this objective, which is now increased to $185 billion. Connecticut, for example, would have to cut higher education funding by 45 percent or transportation funding by 58 percent to bridge the gap, according to the report. That version was projected to lower the deficit by billions over 10 years - but that may have changed as the latest version offers billions more for state grants and also doesn't repeal as numerous Obamacare taxes. "It keeps most of the Obamacare regulations". But allowing insurance companies to exclude the people most in need of health care is not an improvement over the version that fell short two weeks ago.

Cuts to Medicaid would be particularly harmful to CT, which expanded the program under the Affordable Care Act. Both plans show an openness to compromise.

The hard-line approach to ending Obamacare by simply decimating coverage and slashing taxes hasn't proved popular enough to pass.