McConnell reveals new health bill; will his GOP support it?
However, allowing insurers to offer bare-bones plans threatens to alienate moderates and perhaps other conservatives. And the measure retains cuts in Medicaid — the health insurance plan for the poor, disabled and nursing home patients — that moderate Republican senators have fought.
The 172-page legislation, the
Underscoring the measure's dicey prospects, No. 3 Senate Republican leader
Seeking to rally support, McConnell, R-
"This is our chance to bring about changes we've been talking about since Obamacare was forced on the American people," he said.
But
"The new Republican Trumpcare bill is every bit as mean as the old one," said Senate Minority Leader
Conservative Sen.
Sen.
A summary of the bill said some stripped-down policies would cover three primary care visits per year and limit out-of-pocket costs, and said consumers could use federal tax credits to help pay for them.
But the Cruz provision appeared in the legislative text in brackets, meaning specific language was still being composed. That could give McConnell, Cruz and other conservatives time to work out a provision with broader support.
The retooled measure retains McConnell's plan to phase out the extra money 31 states have used to expand Medicaid under Obama's statute, and to tightly limit the overall program's future growth. Since its creation in 1965, the program has provided open-ended federal funds to help states pay the program's costs.
The rewritten package would add
It has an added
To help pay for the added spending, the measure would retain three tax increases Obama's law slapped on higher- earning people to help finance his law's expansion of coverage. Under the current statute, families earning more than
The measure would eliminate other tax boosts Obama levied on insurers, pharmaceutical producers and other health industry companies.
The revised bill would also allow people to use money from tax-favored health savings accounts to pay health insurance premiums, another favorite proposal of conservatives.
McConnell's new bill offered only modest departures from the original version, which he yanked off the
The reworked measure's key elements remain. It would ease Obama's requirements that insurers cover specified services like hospital care, erase Obama's penalties on people who don't buy coverage and make federal health care subsidies be less generous.
Trump said Wednesday he will be "very angry" if the
Paul told reporters the revised measure has nothing "remotely resembling repeal." Collins has long complained the measure will toss millions off coverage and objected to its Medicaid cuts.
AP reporters


Gov. Kay Ivey disbands gambling, grocery tax task forces
A summary of the AP findings into the “pope’s hospital”
Advisor News
- The 6X Formula for leveraging content marketing with AI
- When a home becomes difficult to insure, the plan changes
- The inheritance gap: Helping clients plan for money that hasn’t arrived
- After the midterms: Addressing your clients’ tax concerns
- Berkeley arts tax heads toward passage while public bank measure looks likely to fail
More Advisor NewsAnnuity News
- FHLBank Pittsburgh Announces Results in 2026 Board Election
- Regulators advance shorter, streamlined annuity buyers guide
- Annuity sales hit record $126.3B as RILA sales top $25B
- More pre-retirees rethink retirement as income-planning concerns grow
- AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
More Annuity NewsHealth/Employee Benefits News
- LUJAN, WARNOCK LEAD BROAD COALITION OF SENATORS TO PUSH SENATE LEADERSHIP TO DELAY REPUBLICAN MEDICAID CUTS OVER CONCERNS ABOUT COVERAGE LOSS
- WARNOCK LEADS BROAD COALITION OF SENATORS TO PUSH SENATE LEADERSHIP TO DELAY REPUBLICAN MEDICAID CUTS OVER CONCERNS ABOUT COVERAGE LOSS
- What happens when Medicare coverage begins
- Reports from Maud Hofland et al Highlight Recent Findings in Science (Responses to cost-sharing: do socio-demographic characteristics matter?): Science
- New Findings from University of Michigan Yields New Data on Managed Care (Hybrid human-digital motivational incentive intervention protocol for smoking cessation among perinatal Medicaid patients): Managed Care
More Health/Employee Benefits NewsLife Insurance News
- Security Benefit Series B Preferred Stock Dividend Rate Resets to 10.286%
- FHLBank Pittsburgh Announces Results in 2026 Board Election
- New Jackson Study Finds the "Sandwich Generation" Squeeze Comes from More Than Two Sides and It’s Quietly Draining Retirement Savings
- Samsung Fire & Marine Insurance to Acquire Outstanding Stake in Canopius with KKR and KIC
- Start estate planning before the family needs it
More Life Insurance News