It’s now clear that the latest Republican effort to repeal and replace Obamacare is gaining significant steam in the Senate. It’s doing so because Senate Republicans are tired to hearing that they aren’t doing anything to push the ball forward, and also because the latest deadline on September 30 means that Republicans must either pass a new budget or lose their opportunity for reconciliation under the Senate rules.
So, what’s in the new bill, sponsored by Senators Lindsey Graham (R-SC) and Bill Cassidy (R-LA)?
Here’s what you need to know.
1. Medicaid Gets Slashed. Technically, Medicaid growth gets slashed. Instead of the federal government sending money to states on a need basis, states are given block grants — and more importantly, all the money is pooled and redistributed, rather than granted to states that expanded their Obamacare-subsidized Medicaid rolls. The goal would be to cut expected Medicaid funding on the federal level by one-third by 2026, and eliminate it entirely by 2027. But that’s ten years down the road, and unlikely to ever occur.
Read more at The Daily Wire.