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Health Insurers Concerned by ‘Dramatic’ Medicaid Cuts in Bill

Mr. Portman, along with Republican senators Shelley Moore Capito of West Virginia and Susan Collins of ME, has previously been adamant that any health-care plan should include significant funding for substance abuse treatment and prevention. Sandoval also asked if it’s “really realistic” for people earning $16,000 per year to buy insurance on the exchange if they lose Medicaid eligibility.Senate Republican leadership released their highly anticipated health care bill this week, but as of now, there’s a lot of uncertainty over whether it will pass the Senate. “I’m announcing today that in this form, I will not support it”.The legislation cuts taxes, cuts spending, and allows states to engage in some modest deregulation of health-care markets.”The chaos the Republican Party is wrecking across our health care system won’t just be felt in our insurance markets but in doctor’s offices, ER’s and clinics across the state of in”, says Myers.We also spoke with Dr. Jeffrey Singer about this earlier this morning.”The protections around pre-existing conditions are still in place in the Senate bill, but the waiver authority gives states options that could include limiting coverage for people with pre-existing conditions”, says Pearson.Obamacare has been credited with expanding health coverage to many more Americans. “So we’re going to see very significant reductions in coverage in Medicaid and big cuts in federal funding that will result in significant budget gaps for states”.The S.C. Hospital Association said Friday the U.S. Senate’s plan to repeal and replace Obamacare “will lead to an increase in uninsured South Carolinians and disproportionately impact the state’s poor, elderly and disabled community, as well as healthcare providers”. Hit hardest, said Hoff, would be people on Medicaid as well as those who purchase individual health insurance plans. He celebrated the bill’s narrow passage last month in a Rose Garden event with House Republican leaders.If the bill is signed into law, millions of low-income and working-class Americans stand to feel the effects most acutely. The legislation would phase out federal funding for Medicaid expansion – now covering about 11 million people in 31 states – beginning in 2020, and shift more of those costs back to states.Four Republicans quickly came out in opposition – Mr Ted Cruz, Mr Mike Lee, Mr Ron Johnson and Dr Rand Paul – while at least three more Republicans have openly expressed serious concerns.The bill’s rolling back of Medicaid expansion was key point of contention for Heller and Nevada Gov. Brian Sandoval.