Nobody likes the Senate GOP Health Care Bill. Here is Why
Nobody likes the Republican Senate health care bill. Not Republicans in Kentucky, Louisiana, Texas or Alaska. Certainly not Democrats.
There are many reasons to hate the bill – It is more expensive and gives Americans less coverage; it was crafted behind closed doors and nobody knows much about it, and on and on.
Add this to the list of reasons – it cuts benefit for the poor by up to $2500 and raises taxes for the rich.
Senate Republican leaders have decided to drop provisions in the bill that would have repealed two taxes for high income earners in the new bill they just sent to the Congressional Budget Office (CBO) for scoring.
Republican sources confirmed to The Liberal Advocate News earlier today that GOP leaders have decided to retain the 3.8 percent tax on net investment income for single Americans who earn over $200,000 and couples who earn over $250,000, contained in the Affordable Care Act, aka Obamacare.
They will also allow the 0.9 percent Medicare tax on the same incomes to remain in the bill.
According to the Joint Committee on Taxation, these two taxes are expected to generate nearly $240 billion in revenue over 10 years. GOP leaders believe leaving both taxes in the bill will allow them to cover the cost of expanding Medicaid for poor Americans as demanded by moderate Republicans.
“Obviously that’s a direction I think that a lot of our members want to move, to keep some of those in place and use the revenues to put into other places in the bill where it can make a difference,” John Thune of South Dakota, the No. 3 Senate Republican, said earlier today.
Meanwhile experts believe that the GOP bill will hit the poor very hard.
American households earning less $10,000 annually are expected to see a $2600 decrease in federal benefits according to an analysis by the nonpartisan Urban Institute and Brookings Institution.
The bill will also limit spending on Medicaid, the federal program that provides insurance for poor Americans as well as majority of pregnant women and those in nursing homes.
Republican Senate leader Mitch McConnell (R-Ky.) said this week he intends to put the bill to a vote on Thursday. The CBO score on the new bill is expected sometime next week.
Not all Republican Senators are happy with the effort of the party and leader McConnell.
South Carolina’s Republican Senator, Lindsay Graham said earlier today he is planning to release outlines of his own health care bill sometime this week. He is looking for support from Democrats and state governors of both parties.
Graham said his bill aims to do better for average Americans than the bill his GOP colleagues currently have on the table.
“I want to do the best I can, and I think the best we can is not on the table right now,” Graham said.
Most moderate Republicans balked at the current bill after the CBO said it will cause up to 24 million Americans to lose their health insurance over 10 years and that the new bill will dramatically raise premiums and deductibles for low income Americans.
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