Senate Health Bill Finally Drops, and It’s a Huge Giveaway for the Rich

Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.

Thirteen senators have labored mightily and brough forth a mouse. The Senate version of Obamacare repeal dropped today, and it’s pretty much the same as the House version:

  • It’s a huge tax cut for the rich.
  • It slashes Medicaid for the poor.
  • It allows states to cut back on essential benefits.
  • It abolishes the individual mandate.

Unlike the House bill, it keeps Obamacare’s income-based subsidies, which makes it a little more friendly to the working poor. However, it also cuts back on those subsidies.

I’ll have more details later as they become available. But the bottom line is pretty simple: it cuts a trillion dollars in taxes on the rich, which means it also cuts a trillion dollars in spending on the poor and working class. That’s simple arithmetic. As a result, it’s going to take health insurance away from a lot of people. It might be 23 million, like the House bill, or it might be slightly more or slightly less. The CBO will tell us in a few days. But whatever the answer, this is pretty much the same horrific bill that the House has already passed.

One other note: I don’t know yet how it handles pre-existing conditions. Thanks to reconciliation rules, I don’t think it can change them much. More on this later.

Watch Elizabeth Warren tear into her Republican colleagues in the Senate.

WE'RE TAKING A SHORT BREAK…

from the big banner at the top of our pages asking for the donations that make Mother Jones' nonprofit journalism possible. But we still have upwards of $300,000 to raise by June 30, whether we get there is going to come down to the wire, and we can't afford to come up short.

If you value the reporting you get from Mother Jones and you can right now, please join your fellow readers who pitch in from time to time to keep our democracy-advancing, justice-seeking journalism charging hard (and to help us avoid a real budget crunch as June 30 approaches and our fiscal year ends).

payment methods

WE'RE TAKING A SHORT BREAK…

from the big banner at the top of our pages asking for the donations that make Mother Jones' nonprofit journalism possible. But we still have upwards of $300,000 to raise by June 30, whether we get there is going to come down to the wire, and we can't afford to come up short.

If you value the reporting you get from Mother Jones and you can right now, please join your fellow readers who pitch in from time to time to keep our democracy-advancing, justice-seeking journalism charging hard (and to help us avoid a real budget crunch as June 30 approaches and our fiscal year ends).

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate