Senate GOP health bill: Tax cuts for rich

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The bill would end Obama's tax penalties on people who don't buy insurance - effectively ending the so-called individual mandate - and on larger companies that don't offer coverage to their workers.

McConnell is hoping to push the measure through the Senate next week.

He said he attended an hour-plus briefing going over the draft Thursday morning to review the highlights and that his staff is going through the bill, but he hasn't read the 142-page document yet.

"Republicans want to give a tax break to the wealthiest Americans", he said. McConnell has only a thin margin of error: The bill would fail if just three of the Senate's 52 GOP senators oppose it. And at least a half-dozen Republicans - both conservatives and moderates - have complained about it.

"There are families - middle-income families in SC - that in 18 months will get a call from their nursing home (saying): 'You're got to come get granny because we have no more Medicaid money, and we're not keeping her, ' " said Lynn Bailey, a Columbia-based health-care economist.

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The Association of American Medical Colleges says the Senate plan would leave millions of people without health coverage, and others with only bare-bones insurance plans.

The draft bill proposes repealing a 3.8 percent net investment income tax on high earners, retroactively to the start of 2017, not at some point in the future, as some analysts had speculated.

He also blasted the Senate Republicans for accepting a "reckless" House amendment pushed by Reps.

House Minority Leader Nancy Pelosi of Calif. speaks to reporters during a news conference on Capitol Hill in Washington Thursday.

"We think they can solve Iowa's problem now", he said.

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The nonpartisan Congressional Budget Office estimated the House bill would kick 23 million people off their healthcare plans. The bill "rolls back the ACA's Medicaid expansion - making for deep spending cuts to that program, compared with current law".

The demonstrators were heard chanting, "Don't cut Medicaid, save our liberty".

Today, Medicaid pays for all the care people need, and state and federal governments share the cost.

Unlimited federal dollars now flow to each state for Medicaid, covering all eligible beneficiaries and services. The budget office analysis of the Senate measure is expected early next week. My goal is to create a more workable system that lowers the cost of coverage, provides access to quality care, and protects the most vulnerable in our society. It would eliminate taxes on the wealthy and insurance companies, but keep a provision that allows parents to keep their children on their insurance plans until age 26.

Majority Leader: It's time to act, because Obamacare is a direct attack on the middle class, and American families deserve better than its failing status quo. Paul, who previously expressed concerns that the House bill kept Obamacare's subsidy structure intact, couldn't have been pleased with McConnell's plan, which does that to an even further extent.

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