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Senate GOP health bill: Tax cuts for rich

However, the four senators do appear open to negotiations and amendments that could turn their “no” to a “yes”.Obamacare’s tax credits were largely aimed at helping some of the poorest and oldest people in that category, which often meant that younger or wealthier people didn’t get as much financial help.Republicans in the upper chamber released draft health care legislation on Thursday that would cut Medicaid, end penalties for people not buying insurance and erase a raft of tax increases as part of their long-awaited plan to scuttle Obamacare. “Because Obamacare is a direct attack on the middle class, and American families deserve better than its failing status quo”.At least half a dozen Republican senators – conservatives as well as moderates – have complained about the proposal, the secrecy with which Mr McConnell drafted it and the speed with which he would like to whisk it to passage.Democrats in the Senate are unified and determined to defend the the Affordable Care Act, criticizing Republicans for putting the bill behind closed doors without a single public hearing or bill-drafting session.Democrats gathered on the Senate floor and defended Obama’s 2010 overhaul.Republicans, like Sens. Rand Paul (R-KY) and Ron Johnson (R-WI), said they could not support the bill because it did not fully repeal Obamacare.Sen. Dean Heller, R-Nev., who faces a competitive re-election race in 2018, says he has “serious concerns about the bill’s impact on the Nevadans who depend on Medicaid”. Whether or not the bill passes remains to be seen, but before it heads to a vote next week, here are a few things you’ll want to know.It called the version passed by the House last month “a categorical failure” and said the Senate version is “equally troubling”.President Donald Trump welcomed the bill, saying he wants a health plan “with heart” and adding that the final legislation would be “very good”. His Republican-led state of Arizona opted to expand Medicaid programs, adding nearly 2 million Arizonans to the health care roles. More than half a dozen GOP senators have expressed problems with the measure, and a defeat would be a humiliating setback for Trump and McConnell on one of their party’s top priorities. Some from states that have expanded the program have battled to prolong the phase-out, while conservative Republicans have sought to halt the funds quickly. Unlimited federal dollars now flow to each state for the program, covering all eligible beneficiaries and services. Beginning in 2020, the Senate version of the subsidies will focus more of the help on low-income people-including some of the people that Obamacare assumed would rely on Medicaid, in expansion states.Tax credits provided in the measure would be based on both income and age. Enhanced federal funding for the low-income adults who became newly qualified under the ACA would be phased out, ending after 2024.Pearson said those subsidies will be smaller than under current law. That’s because they’re keyed to the cost of a bare-bones plan, and because additional help now provided for deductibles and copayments would be discontinued.Under Obama’s law, “many of those people would have gotten much more generous plans”, she said. This Senate health care bill eliminates that provision entirely, leaving the decision on whether or not to get insurance in your hands. The Senate bill would repeal the tax this year.The bill would block Planned Parenthood from receiving Medicaid funding for a year.The Senate would provide $50 billion over the next four years that states could use in an effort to shore up insurance markets around the country. A Reuters/Ipsos poll found almost 60 percent of adults believed the House bill would make insurance costlier for low-income Americans and people with pre-existing conditions. Trump has been threatening to discontinue those payments, and some insurance companies have cited uncertainty as a reason they are abandoning some markets and boosting premiums.The nonpartisan CBO says the House bill would cause 23 million more Americans to be without health insurance by 2026.