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Sen. Flake's Support Of Cruz Amendment Meets Criticism
17 July 2017, 04:03 | Erica Roy
Details of Senate Majority Leader Mitch McConnell's revised health-care bill were unveiled yesterday, and they include everything from expanded health savings accounts to more funding for the treatment of opioid addiction to relaxed rules for Medicaid-a little something for all the warring GOP factions in the Senate.
The new healthcare bill released Thursday contains a proposal by Sen.
The Congressional Budget Office will soon receive a pair of amended versions of the Senate's Better Care Reconciliation Act, one of which has been crafted by conservatives Ted Cruz of Texas and Mike Lee of Utah. "It shouldn't be the government dictating what insurance you can buy".
That might not sound like much, but it has the potential to drive down premiums and re-shape individual health insurance markets across the country, which right now are collapsing under the weight of Obamacare regulations and rising premiums.
The trade group pointed out that part of the exchanges' current woes stemmed from the Obama administration's transitional policy, which allowed individuals to renew their non-ACA-compliant plans.
Specified diseaseinsurance provides supplemental coverage on top of an existing health care policy.
But let's back up. "This so-called adverse selection means in practice, people in poor health and with pre-existing conditions would face sharply higher premiums". The latter could have a big impact on preexisting conditions. This of course is what's happening under Obamacare. Most of the people insured by these pools received subsidies, paid for by premium taxes imposed on insurance companies. "If they are not heavily subsidized, they run the risk of becoming unsustainable and going into a death spiral".
That brings us to the present day. "People who need (comprehensive) benefits go to those policies, which become more expensive". The traditional idea behind insurance is that the healthy subsidize the sick.
The CBO estimated the original bill would increase the number of uninsured Americans by 22 million by the end of 2026. Hence the skyrocketing premiums under Obamacare.
If consumers were willing to buy such "bare bones" plans - and some people did, usually at very low prices - those policies were considered health insurance coverage. "This wouldn't take years". But it was only funded with a one-time appropriation of $5 billion, and enrollment was capped at 115,000 before the exchanges opened because the program was running out of money. The amendment would allow insurers to sell cheaper plans with fewer benefits that would likely attract younger and healthier Americans. But experts say insurance simply doesn't work this way, and the "Cruz amendment" would unleash destructive forces for individuals without employer-sponsored coverage as well as for the system.
America's Health Insurance Plans, an insurer trade group, warns that the conservative amendment to allow companies to sell skimpy plans would destabilize the market and harm coverage for people with pre-existing conditions.
Washington Prime Group Inc Cmn (WPG) — Trending Stock Buzz
Over the last five days, shares have managed 7.7% gains and now is up 12.81% since hitting its 200-day moving average of $72.02. BidaskClub upgraded Washington Prime Group from a "sell" rating to a "hold" rating in a research note on Tuesday, June 27th.
PGA win earns DeChambeau Open berth
DeChambeau played well all weekend, and he started Sunday's round with sole possession of second place at 11-under. Patrick Rodgers shot a 3-under 68 on Saturday to maintain a two-stroke lead in the John Deere Classic.
EasyJet chief McCall appointed to lead ITV
I have had an fantastic seven years at EasyJet , I am so proud of what the airline and its people have achieved in that period. The broadcaster will pay McCall an annual salary of 900,000 pounds and a pension allowance of 15 percent of her pay.