A group of Republicans just launched a desperate Hail Mary to repeal Obamacare

13 Sep , 2017 Business

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A group of Senate Republicans on Wednesday rolled out a last-ditch effort to repeal and replace the Affordable Care Act, but it faces an almost-certain legislative roadblock.

The bill was written by Sens. Lindsey Graham, Bill Cassidy, Dean Heller, and Ron Johnson and would primarily allocate federal funding for healthcare in block grants to states, a change from the current system that allocates money based on a percentage of what states spend.

Graham, in a statement announcing the release of the bill named after the senators, touted the idea as a way to give flexibility on healthcare spending to states.

“Our bill takes money and power out of Washington and gives it back to patients and states,” Graham said. “It takes us off the path to single payer healthcare — which would be a disaster — and puts us on a path toward local control.”

The bill has drawn the support of some prominent Republicans, including the pivotal vote that killed the first GOP Obamacare repeal push: Sen. John McCain. But it does not appear to have the necessary support to pass the Senate.

Sen. Ted Cruz said the bill has the support of around 46 members of the GOP conference. Senate …read more

Source:: Businessinsider – Finance

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