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Dems express interest in working with GOP on bipartisan tax reform

02 Agosto 2017, 05:11 | Bibiana Flor

Credit Doug Mills The New York Times

Credit Doug Mills  The New York Times

Mr. Trump is exactly right that this is a "BAILOUT". They would have to raise premiums by about 19% on average to compensate for the loss of the payments, the Kaiser Family Foundation estimates.

Alexander, who chairs the Senate health committee, urged U.S. President Donald Trump to drop his threat to cut government subsidy payments to insurers that make Obamacare plans affordable and to allow the payments through September.

In 2010, Republicans criticized Democrats for passing the Affordable Care Act without bipartisan support.

Harrison says he and his company filed two sets of proposed rates for policies sold on the insurance exchange next year. They total $7 billion this year and are helping around 7 million people afford insurance deductibles and co-payments. Margaret Murray is CEO of the Association for Community Affiliated Plans, which represents these "safety net health plans" aimed at people with lower incomes.

To be sure, the ACA has its shortcomings, and congressional Republicans have opposed universal health care proposals since they first were made more than a decade ago.

Although it's not completely clear what Trump is talking about by suggesting Obamacare should "hurt the insurance companies", it could be a reference to an ongoing issue of whether the Trump administration will continue cost-sharing payments to insurers.

"If we could get the corporate tax rate down to, let's say, a maximum of 25 percent, it would be a sea change for this country".

Insurance companies and their industry groups have been struggling under Obamacare, in part because their costs have risen sharply from fewer than expected enrollment by individuals despite the federal mandates.

After Friday's vote, some Democrats have felt more empowered to talk about changes to the ACA.

While Trump is trying to refresh his team, he signaled that he does not want to give up the fight on health care.

But they couldn't get 50 votes to do that last week.

She said failure of the Senate to do nothing occurred at a critical time for insurance companies that must finalize rates for next year by August 16.

That means subsidies will have to rise for many people to meet those higher premiums. They take 60 votes to end.

"It's time to move onto something else, come back to health care when we've had more time to get beyond the moment we're in", said Sen.

Texas Sen. John Cornyn said on the Senate floor, "We are forced to work together to try to solve these problems, and I think frankly bipartisan solutions tend to be more durable". Though he said he favors trimming out the loopholes and special tax deductions that litter the current tax code, "they all have powerful interests groups and you can take on those interest groups, but for that you've got to lay the groundwork".

"They have agreement on tax principles at the same level that they had agreement on repealing and replacing Obamacare, which is no real agreement at all", Gale said. However, she stayed her decision, and the Obama administration filed an appeal, which was inherited by the Trump administration this year. It also comes with Senate Republicans using word and deed to signal that they want to leave their derailed drive to scrap President Barack Obama's health care law behind them, at least for now.

Obamacare's cost-sharing subsidies are once again at the center of the battle for Obamacare's future.



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