The Senate Finance Committee is scheduled to vote on the first bill that will repeal Obamacare’s health insurance subsidies on Wednesday.
If it passes, it will send to the House of Representatives for a final vote.
The bill would replace subsidies for millions of Americans with tax credits that go to insurers for selling insurance on state and federal exchanges.
That could lead to a lot of bad news for insurance companies, which are already under pressure to reduce the number of enrollees in their plans, or cut back on services to help lower costs.
But the Republican plan would do something that the Democrats have not done yet: make a lot more money for insurance.
According to the Congressional Budget Office, it would cost the government about $1.4 trillion over 10 years, an amount that would be offset by tax cuts for individuals and businesses.
The CBO also found that repealing the subsidies would increase insurance premiums by between $5 billion and $9 billion, but it did not find a large increase in the number or quality of insurance available on the exchanges.
If that was the case, the CBO could find no reason to think that repeal would have a significant effect on insurance premiums.
Republicans have proposed making the tax credits permanent for people who purchase coverage through the federal exchanges, and this bill does not require that they do so.
The Congressional Budget Bureau did find that the tax credit would lead to an increase in insurance premiums for some people, but the CBO said it did so with little effect on the actual numbers.
What about the Congressional Progressive Caucus?
The Democratic caucus has not yet endorsed the bill.
It will likely be up to the party’s House members to decide whether to vote for it, but even if they do, the plan will not pass.
It has already been blocked by several Senate Republicans.
In the House, there is a caucus of moderates that has expressed support for the plan.
The centrist caucus has made it clear that they would be opposed to the legislation if it included any kind of tax cuts or other increases to benefits for people with preexisting conditions, such as heart disease.
The group’s top ranking Democrat, Rep. Nita Lowey of New York, has been pushing for the bill to include a number of changes that are in line with Progressive demands.
Lowey has also proposed raising the age to buy insurance from 19 to 25.
She said the legislation should make sure that young people don’t fall through the cracks and buy coverage they can afford, which means that those younger than 25 would be able to purchase insurance for the first time.
It would also allow people to purchase coverage across state lines, and would allow insurers to charge sick people less.
“We should not be allowing people to fall through these cracks and put them in a hole where they don’t have health insurance and get denied coverage,” Lowey told reporters on Wednesday night.
“If you don’t know what you’re getting into, and if you’re not qualified, if you don`t know what your options are, you’re going to be put in a situation where you get hurt.”
A majority of House Democrats voted against the House plan in June.
The legislation that was passed by the House and the Senate last week is currently awaiting Senate approval.
That means that the Senate can still pass the bill and send it to President Donald Trump for his signature.
The House bill would repeal Obamacare subsidies for people purchasing insurance through the state exchanges.
The Senate bill would not.
The Republican plan to repeal the subsidies also has a number more significant changes, including eliminating the individual mandate that requires people to buy health insurance.
The Democratic plan would not eliminate the individual tax penalty for people making more than $150,000.
And it would eliminate the tax penalties that apply to people making $200,000 or more.
Those are all provisions that would affect the cost of insurance.
What do you think?
Should the Republican healthcare bill pass?
Are you concerned about the impact on premiums and quality of health insurance?
Let us know in the comments below.