The latest Republican bill to repeal the Affordable Care Act (ACA) appears doomed to fail after a key senator came out strongly against it within minutes of an analysis which said the plan would strip health insurance from “millions” of Americans.
Moments after the nonpartisan Congressional Budget Office (CBO) released a partial analysis of the Republicans’ plan, Maine senator Susan Collins announced she would not vote for the bill and called it “deeply flawed”.
The CBO said it was unable to provide its customary detailed estimate because it lacked time to examine the legislation, but said “millions fewer” people would have insurance because of large cuts to Medicaid (a health insurance program for the poor), lower subsidies for individuals who buy insurance, and a lack of penalties for people who prefer to go without insurance.
via The Guardian
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.