Cruz May Save GOP Healthcare Bill
July 05, 2017
Senate Republicans are working hard to update their healthcare bill to make it passable, and Sen. Ted Cruz’s amendment may make that possible. Economically, the U.S. currently meets multiple key criteria that tend to predict recessions.
- Senate Republican leaders are laboring to secure 50 votes for an ACA repeal bill after being forced to delay the legislation before the July Fourth recess. Leaders likely sent some updated proposals to the Congressional Budget Office for analysis before leaving town, but Senate Republicans have yet to lock in a new agreement. Every tweak would have consequences, but here are five changes that could be made to the bill: keeping a tax on high earners, boosting subsidies, Senator Cruz’s amendment, Medicaid changes, and more money dedicated to the opioid crisis. [The Hill]
- The fate of ACA repeal-and-replace could hinge on an amendment from Sen. Ted Cruz. The Texas senator is pushing for a provision that would allow insurers to sell plans that do not comply with ACA insurance regulations, so long as they also sell plans that comply with those rules. Cruz says giving insurers a path around the regulations should allow them to offer some plans at a lower cost. It is unclear whether the amendment will be added to the Senate bill, or even whether it will pass muster under budgetary rules. [The Hill]
Economic Indicators & News
- The present day’s current economic conditions include all of the following preconditions for a recession. This list includes the following: a labor market at full strength, frothy asset prices, tightening central banks, and a pervasive sense of calm. Still, the presence of recession preconditions isn’t enough to say one is imminent. [WSJ]