Senate mulls health law rewrite pushing Obamacare repeal to 2020

Bloomberg

26 May 2017 - Senators working to craft more modest version than House plan.

Senate Republicans are weighing a two-step process to replace Obamacare that would postpone a repeal until 2020, as they seek to draft a more modest version than a House plan that nonpartisan analysts said would undermine some insurance markets.

Republicans -- in the early stages of private talks on the Senate plan -- say they may first take action to stabilise premium costs in Obamacare’s insurance-purchasing exchanges in 2018 and 2019. Major insurers have said they will leave the individual market in vast regions of states including North Dakota, Iowa and Missouri.

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Michael Wonder

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Michael Wonder