Senate Reveals Latest Draft of Plan to Replace Affordable Care Act

After weeks of planning and discussion, Senate leaders are unveiling their latest draft of the plan to repeal and replace the Affordable Care Act, also known as Obamacare.

Majority leader Mitch McConnell had hoped to pass a measure earlier this month, but there was not enough support.

The new draft adds billions of dollars in opioid funding.

It also retains more tax credits to help low income Americans by leaving two of the Affordable Care Act’s taxes on the wealthy in place.

An amendment allows insurers to offer cheaper, bare-bones policies as well as Affordable Care Act plans.

This is expected to appeal to conservatives, but moderates are concerned premiums for people with pre-existing conditions will spike.

The revisions keep significant cuts to Medicaid.

This means 15 million people could be uninsured by 2026 under the new program.

President Trump warned Republican Senators that failing to overhaul the law will come with consequences.

GOP Senate leaders want to pass something before next month’s recess.