Congressional Republicans unveiled their newest version of the Senate healthcare bill – known formally as the Better Care Reconciliation Act (BCRA) – yesterday (July 13).
The latest version offers a few slight differences from its predecessor, which was revealed on June 22.
Among the new healthcare bill‘s changes:
- More funds would be set aside for the opioid crisis
- A provision would allow people to pay for premiums using a health savings account
- Two taxes targeting the wealthy would be maintained from Obamacare
The updated legislation also includes a modified version of the “Cruz Amendment” – pushed by Sen. Ted Cruz (R-TX) – that would allow providers to offer “skimpier” insurance plans with cheaper monthly costs.
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These plans would not be required to cover all of Obamacare‘s 10 “essential health benefits” as all plans currently are.
The Congressional Budget Office (CBO) has yet to release cost estimates regarding the latest version of the Better Care Reconciliation Act.
The CBO’s analysis of the original claimed the bill would leave 22 million more Americans without insurance by 2026. It would also cut $772 billion from Medicaid during that same span of time.
Have a look at the latest healthcare bill’s changes below…
The Senate Healthcare Bill’s New Changes
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The post Here’s a Simple Breakdown of the Senate Healthcare Bill’s Latest Changes appeared first on Money Morning – We Make Investing Profitable.
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