GOP leaders labor to rescue health care bill amid defections

Image Health Care Protest

Image Health Care Protest

The Maine senator said she wishes Trump had attempted to pass legislation on issues that could have bipartisan support - like infrastructure - before trying to tackle "a politically divisive and technically complex issue like health care". It found that half of the tax cuts would go to families making more than $500,000 a year. Only then will Trumpcare supporters recognize how nonsensical this bill really is. The CBO said the bill would reduce the federal deficit by $321 billion over the next decade.

"Well, I thought I'd ask you folks to come say hello, and we'll discuss healthcare", Trump said.

Senate Majority Leader Mitch McConnell says he is delaying a vote on a Senate health care bill while GOP leadership works toward getting enough votes.

Lee and other conservatives have favored a fuller repeal of Obama's statute than the Senate bill would enact.

McConnell will now seek to make changes to the measure, which the CBO estimated would cost 22 million people their health insurance, to flip votes. Ads will run in Reno and Las Vegas markets, with others targeting Republican senators in Arizona, Louisiana, Colorado, Ohio and West Virginia.

Conservative Sen. Rand Paul, R-Ky., said he would oppose the motion to open debate unless the bill was changed.

Paul has said it is worse to "pass a bad bill than to pass no bill". Rural America was a stronghold for Trump in the 2016 presidential election. The New York Democrat has labeled the measure a massive tax break for the rich and said billionaire Steve Wynn was at the GOP's lunch meeting where the vote was scrapped. While insurers including Aetna Inc., UnitedHealth Group Inc. and Humana Inc. have pulled out of the individual market in some states, part of that decision stems from uncertainty about the future of the Affordable Care Act as Republicans seek to dismantle that law.

Deutsche Bank AG Trims Debenhams Plc (DEB) Target Price to GBX 45
After $0.63 actual EPS reported by Trifast plc for the previous quarter, Wall Street now forecasts -19.05% negative EPS growth. The stock of Ply Gem Holdings Inc (NYSE:PGEM) has "Outperform" rating given on Tuesday, September 20 by RBC Capital Markets.

The overlapping concerns and competing interests of the lawmakers highlight the balancing act facing Mr McConnell as he tries to unify his party and deliver a legislative win to the president.

The U.S. Senate delayed a vote on their health care bill today, but the legislature is expected to take up the issue sometime after the Fourth of July.

USA stock prices fell on Tuesday after the decision to postpone the vote.

Hours earlier, Senate Republicans released an updated version of their bill that includes a provision requiring people with a gap in health insurance to wait six months before new coverage would start.

Instead, Manchin said, the Trump administration is holding back on promising about $7 billion of cost-sharing meant to stabilize the private market in the insurance exchanges so insurance companies can't count on them when putting together their 2018 rates.

Minutes after the report's release, three GOP senators threatened to oppose beginning debate. To be approved, no more than two of the 52 GOP senators can vote against it.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.