Obamacare revamp's cuts slash billions to Bay State - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
September 21, 2017 Newswires
Share
Share
Post
Email

Obamacare revamp’s cuts slash billions to Bay State

Boston Herald (MA)

Sept. 21--WASHINGTON -- Bay State lawmakers are fuming that Massachusetts stands to be one of biggest losers of federal health care funds under a plan to revamp Obamacare offered by U.S. Sens. Lindsey Graham (R-S.C.) and Bill Cassidy (R-La.).

"Republicans (are) talking about taking away billions of dollars from the commonwealth of Massachusetts, the kind of money that goes into our health care centers, the kind of money that goes into making sure people in Massa­chusetts get the health care coverage that they need," U.S. Sen. Elizabeth Warren said yesterday at the MGH ­Chelsea Healthcare Center.

The Graham-Cassidy plan, which would roll back the Medicaid expansion in favor of state block grants, would leave the Bay State with $5 billion less in federal funding by 2026 than under Obama­care, according to an analysis by the Center for Budget and Policy Priorities, a private think tank.

A report by the health care consulting firm Avalere Health is even more dire, projecting the bill would cost Massachusetts $8 billion in 2026 -- when block grant funding would end without reauthorization -- and then as much as $14 billion less in 2027.

The Bay State is among 20 states that would lose the most federal funding, the CBPP analysis found. ­Republican-controlled states in the south and Midwest that opted out of the Obama­care Medicaid expansion could gain.

"Graham made sure his state -- SC gets more under repeal," tweeted U.S. Rep. Mike Capuano yesterday, noting that South Carolina would get a federal funding boost of $804 million in 2026. "Quite a move!"

Graham defended the plan, saying that it actually ­corrects state-to-state inequi­ties built into Obama­care.

"I like Massachusetts, I like Maryland, I like New York, I like California, but I don't like them that much to give them a bunch of money that the rest of us won't get," Graham said.

Warren shot back, "Those are pretty outrageous comments. Here in Massachusetts, we provide first-rate care, we actually have had a much flatter slope in the growth of the cost of care, and we're out there working for the most comprehensive coverage in the country."

Gov. Charlie Baker, who traveled to Washington last week to urge lawmakers to back efforts to shore up health care markets and bring down out-of-pocket costs instead of a wholesale revamp of Obama­care, opposes the Graham-Cassidy bill. Senate leader Mitch McConnell (R-Ky.) said the bill will go before a vote next week.

___

(c)2017 the Boston Herald

Visit the Boston Herald at www.bostonherald.com

Distributed by Tribune Content Agency, LLC.

Older

Years of Analysis, Papers, Hearings and Legislating Lay the Groundwork for a Once-In-A-Generation Tax Overhaul

Newer

ACA repeal would pain state

Advisor News

  • Majority of Americans concerned recent market highs are unsustainable
  • GLP-1 users choose between medication and retirement saving
  • Gen X and millennials seek new retirement model
  • Are families ready for the costs of aging at home?
  • When a client moves, their insurance plan needs to move, too
More Advisor News

Annuity News

  • A client remarried: Does their annuity still fit?
  • Gen X and millennials seek new retirement model
  • Global Atlantic names Dan Farrelly head of IMO and IBD channels
  • A rising retirement challenge: The license to spend
  • What lower interest rates mean to annuity payouts
More Annuity News

Health/Employee Benefits News

  • FEDERATION OF AMERICAN HOSPITALS NAMES PAUL EITING VICE PRESIDENT, POLICY
  • Most Americans support switch to Medicare for all health insurance
  • East Hartford woman charged with double-dipping from Medicaid caregiver programs
  • GLP-1 users choose between medication and retirement saving
  • As immigrant Medicaid cuts take effect, some in WA can keep their coverage
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • CP13/26 THE PRUDENTIAL REGULATION AUTHORITY'S AUTOMATIC THRESHOLDS INDEXATION FRAMEWORK
  • Owings Mills insurance agent pleads guilty to stealing more than $100,000 in life insurance commissions
  • Symetra Named a Fortune Best Workplace in Financial Services & Insurance™ for Fourth Consecutive Year
  • 1 in 3 U.S. workers do not have a legacy plan in place
  • MassMutual Enhances Permanent Life Insurance Portfolio With Launch of Whole Life Guard 10 Pay and Whole Life 95
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.