Senate Republicans Reveal New “Obamacare-Lite” Healthcare Bill

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Senate Republicans Reveal New “Obamacare-Lite” Healthcare Bill:

In what could very well end up being just another exercise in futility, Senate Majority Leader Mitch McConnell has just released a new version of a healthcare plan which, among other things, incorporates demands from Senator Ted Cruz (R-TX) and Senator Mike Lee (R-UT) to allow insurers to sell low-cost, skimpier plans all in an effort to draw conservative support for the new bill.

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New Healthcare Bill Will Include Cruz-Lee Amendment And $45 Billion To Fight Opioid Epidemic

New Healthcare Bill Will Include Cruz-Lee Amendment And $45 Billion To Fight Opioid Epidemic:

While no one has seen the Senate’s revised healthcare bill as of yet, early indications suggest that it will include a version of a controversial amendment from Senators Ted Cruz (R-TX) and Mike Lee (R-UT) that has become a sticking point in the negotiations.  Among other things, the amendment would allow insurers to sell plans that do not meet ObamaCare regulations if they also sell a plan that does meet those rules.

Called the “Consumer Freedom Amendment,” we highlighted the main points of the Cruz/Lee proposal last month:

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Obamacare Death Spiral: At Least 2 Million Adults Ditch Coverage In 2017 Amid Soaring Premiums

Obamacare Death Spiral: At Least 2 Million Adults Ditch Coverage In 2017 Amid Soaring Premiums:

As Democrats continue to defend an obviously failed Obamacare system, the effects of soaring rates and collapsing coverage options seem to be taking a toll on the number of people actually buying health insurance these days.

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GOP Folds: Senate To Delay Healthcare Vote Until After July 4

GOP Folds: Senate To Delay Healthcare Vote Until After July 4:

CNN reports that, as many speculated, that Mitch McConnell will delay the vote on healthcare until after the July 4 recess, confirming last night’s news that Republicans simply don’t have the needed number of votes in the Senate.

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Warren Buffett Says America Is “So Rich” It Can Afford Single Payer

Warren Buffett Says America Is “So Rich” It Can Afford Single Payer:

In the latest example of a multi-billionaire “knowing” what is best for the average American, Berkshire founder Warren Buffett told PBS that UK-style single-payer healthcare would be the best system for the US.

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Hysterical Democrats who say health care reform will “kill people” don’t seem to realize how many Americans are already killed every year by the medical system

Hysterical Democrats who say health care reform will “kill people” don’t seem to realize how many Americans are already killed every year by the medical system:

Right now, prescription drugs kill well over 100,000 Americans per year, even when properly prescribed. The more honest number is likely over 200,000 per year once you consider the opioid epidemic, which is now killing people people than all gun-related deaths and shootings combined.

H/t reader kevin a.

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The Real Healthcare Crisis: Retiring Seniors Need $500k To Cover Premiums Even With Obamacare

The Real Healthcare Crisis: Retiring Seniors Need $500k To Cover Premiums Even With Obamacare:

Shockingly, the reality is that a couple retiring today can expect to pay nearly a half million dollars in just insurance premiums over the course of the remainder of their lives.

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“The Medical System As We Know Is Going To Blow Up… And Soon”

“The Medical System As We Know Is Going To Blow Up… And Soon”:

The medical system as we know it is going to blow up, and soon, just like the pension systems across the country, and the treasuries of the fifty states themselves, and the rest of the Potemkin US economy.

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Obamacare Death Spiral: First 2018 Coverage Map Reveals At Least 47 Counties With No Coverage

Obamacare Death Spiral: First 2018 Coverage Map Reveals At Least 47 Counties With No Coverage:

“This is yet another failing report card for the Exchanges. The American people have fewer insurance choices and in some counties no choice at all…”

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Obamacare “Death Spiral”: Maryland Insurer Seeks 50% Premium Increase For 2018

Obamacare “Death Spiral”: Maryland Insurer Seeks 50% Premium Increase For 2018:

“What we’re seeing is greater sickness levels. The pool of beneficiaries is becoming sicker, in part because healthier people are not coming in at the same level we hoped.  We were hoping for more stability. The factors that I have described to you today lead to instability and to a spiral, and we think we are in the beginning of that.”

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Republicans Pass Obamacare Replacement Bill; Let The Senate Bickering Begin

Republicans Pass Obamacare Replacement Bill; Let The Senate Bickering Begin:

After a stunning defeat on March 24th, followed by over a month of back and forth bickering, Paul Ryan & Co. has finally passed an Obamacare replacement bill by a final vote of 217 – 213.

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Trump Backtracks; Confirms We “Have To Do Healthcare Before Tax Reform”

Trump Backtracks; Confirms We “Have To Do Healthcare Before Tax Reform”:

Bartiromo:  “But, do you have to do healthcare before tax reform?

Trump:  “Yes.  I’m saving a tremendous amount, hundreds and hundreds of millions of dollars we’re saving on healthcare.  And all of that saving goes into the tax. If you don’t do that, you can’t put any of the savings into the tax cuts.”

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Suddenly, Both Obamacare Repeal And Trump Tax Reform Are Dead

Suddenly, Both Obamacare Repeal And Trump Tax Reform Are Dead:

It was a one-two knockout punch for anyone still holding out hope that Trump’s domestic economic policies will take place in the near, or not even so near, future.

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This Is The Nightmare Scenario For The GOP: A $2 Trillion Funding “Hole”

This Is The Nightmare Scenario For The GOP: A $2 Trillion Funding “Hole”:

When one strips away the partisan rhetoric and posturing, the practical impact of Friday’s GOP failure to repeal Obamacare has a specific monetary impact: a funding hole that is at least $1 trillion bigger, and perhaps as large as $2.2 trillion.

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