On the recordSeptember 25, 2017
on healthcare, last night we began to see reports of a new version of the Graham-Cassidy bill. Faced with stern resistance from several Members of their own caucus, it appears that the authors of the legislation have tweaked the bill in an attempt to gain the support of the holdouts. Despite sending more money to the States of those Members, this new bill, if anything, is worse in many ways than before and, in the long run, will still result in a net cut for every single State in the country. It still contains a massive cut to Medicaid, it still defunds Planned Parenthood, and it actually further weakens consumer protections, and almost completely does away with protections for those with preexisting conditions--even worse than in the first version. The S&P has just come out with a study that estimates that Graham- Cassidy would result in 580,000 lost jobs and $240 billion in lost economic activity by 2027. That is not a Democratic propaganda machine, that is Standard & Poor's; down the middle, 580,000 jobs lost and $240 billion in lost economic activity if Graham-Cassidy is enacted. Under the latest version, States would be able to lift the regulation that caps out-of-pocket costs, meaning insurance companies could offer barebones policies with sky-high deductibles and copays. Under the latest version, States could do away with lifetime limits, meaning insurance companies could cap the amount of coverage you receive for a given illness.…





