Republicans are about to roll out their last-ditch effort to repeal Obamacare

11 Sep , 2017 Business

bill cassidy lindsey graham

Republican Sens. Lindsey Graham and Bill Cassidy on Monday were set to roll out a last ditch effort repeal and replace the Affordable Care Act in the near-term.

The Graham-Cassidy bill would maintain a significant portion of the structure of previous GOP attempts at a healthcare overhaul in the first half of the year. But it contains some notable differences in an attempt to appeal to more moderate members of the party.

The bill, however, faces an uphill battle and a short window in which it could be passed.

A ruling by the Senate parliamentarian earlier this month said Republicans can’t continue after September 30 to use the process of reconciliation, which allows bills to be passed with a simple majority in the Senate if they decrease the deficit.

That leaves a little under three weeks for Republicans to attempt to push the bill through Congress. President Donald Trump has reportedly urged a vote on the bill before the option for budget reconciliation runs out. But given the minuscule window and competing healthcare-related pushes, there is little hope for the effort on Capitol Hill.

With that in mind, here’s a breakdown of what’s expected in the plan:

Shift Medicaid funding and insurance subsidies …read more

Source:: Businessinsider – Finance

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