Trump dares Republican Party into high-stakes vote on troubled health bill

March 24, 2017

Washington, Mar 24: House GOP leaders are hurtling toward a vote on Friday on their embattled health-care bill without knowing for sure they have enough support to pass the measure, after yielding to Trump administration demands to act now.

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If the high-stakes gamble works and the House manages to pass the Obamacare replacement bill, it will be an important win for President Donald Trump and House Speaker Paul Ryan who have formed an uneasy alliance to repeal the health care law.

But if the measure is blocked, it will be an embarrassing setback that casts doubt on the ability of Trump and Ryan to deliver on their ambitious agenda, including a sweeping tax overhaul and infrastructure package, both of which are being closely watched by Wall Street.

“For those who are on the fence one way or another, it's a long night of the soul for them,” Representative Tom Cole of Oklahoma said late Thursday. “It's very much an individual decision now.”

“Success breeds success; failure, you know, tends to compound itself,” he added. “So tomorrow is a very important moment for us and if you don't know that, you don't get it.”

The Trump administration made a last-minute deal with House conservatives to change the bill — by removing Obamacare's requirements that certain essential benefits be covered by insurance — in an effort to win over holdouts, who had forced GOP leaders to delay their vote, originally scheduled for Thursday.

Then Trump aides, including senior strategist Steve Bannon, went to Capitol Hill to deliver a message in person to House leaders and the Republican caucus that the president has run out of patience: Trump wanted a vote on Friday, win or lose, even if that means leaving Obamacare in place.

‘No more negotiations'

“We have to have a vote tomorrow. He expects it to pass,” Representative Chris Collins of New York said, speaking about Trump. “We are done negotiating, there are no more negotiations.”

“If it loses, we just move on to tax reform,” added Collins, a Trump ally.

House conservatives, including Freedom Caucus chairman Mark Meadows, emerged from the meeting saying they were still leaning against the bill, but were still evaluating the final package.

Meadows said late on Thursday “I'm a no” for now, but said members had been given “a binary choice” and that he will talk with other members before making a final decision.

GOP leaders didn't agree to a core demand of the Freedom Caucus to eliminate other insurance regulations, according to a senior Republican aide.

Representative Thomas Massie of Kentucky, who opposes the bill, said Republican leaders are taking a risky bet.

“If they bring this to the floor and it doesn't get to 216 quickly, the momentum could go in the other direction and they could come way short,” he said. “Because you don't want to be the person who fell on your sword and voted yes for a piece of legislation that never passes.”

‘Leaning the other way'

But other House conservatives said they were getting the sense that enough of their colleagues would end up backing it.

“I'm still a no, but it looks like it's leaning the other way,” Freedom Caucus member Ted Yoho said. Representative Mark Sanford of South Carolina agreed, saying he's picking up that it is the “sentiment” of most of the conference now to pass the bill.

The bill has struggled to win over far-right members who have demanded a more complete repeal of Obamacare, but it's also unnerved moderates concerned about projections that millions will lose coverage. A number of moderates came out against the bill this week, giving Republican leaders little room to negotiate changes.

Ryan put a brave face on the upcoming test of whether he and Trump can deliver the votes.

“For seven-and-a-half years, we have been promising the American people that we will repeal and replace this broken law because it is collapsing and hurting families,” he said. “Tomorrow we will see that.”

The GOP bill, H.R. 1628, would reverse massive gains in health coverage under the Affordable Care Act, which brought the uninsured rate to a record low. The proposal would pull hundreds of billions of dollars out of the health system by winding down Obamacare's expansion of Medicaid and limiting its subsidies, threatening revenues for hospitals, doctors and insurance companies.

Signs that the bill was in trouble on Thursday unnerved US markets, helping to erase gains, while sending hospital stocks higher.

Some changes

Meadows and other conservative Freedom Caucus members demanded a provision in the bill — agreed to by Trump and GOP leaders that would scrap the essential benefits portion of the Affordable Care Act, which requires insurers to cover 10 categories of services, for the individual market. Those services include hospitalization, ambulance services, maternitycare, pediatric services, mental health and substance abuse treatment, prescription drugs, rehabilitative care and laboratory services.

Other new provisions described by lawmakers Thursday night include a $15 billion boost to a new state flexibility fund and six more years of a 0.9% Medicare tax on high earners.

That last bit is needed to pay for what is expected to be a surge of people buying lower-cost insurance products, triggering tax credits that run from $2,000 to $4,000 per person for eligible people.

If the bill makes it to the Senate, it is expected to undergo significant changes there as well, including boosts to tax credits for people ages 50 to 64 who are hit with massive premium spikes under the bill.

Outdated CBO score

But the last-minute changes mean that Republicans will be voting on the measure without a final estimate from the Congressional Budget Office about how many millions of Americans will lose coverage or how much the measure will cost.

In another development that could unease conservatives, the CBO issued a new estimate Thursday to account for changes made to the bill earlier in the week. The nonpartisan agency cut its estimate of how much the bill would shrink the federal budget deficit, saying the updated measure would reduce the deficit by $150 billion over the next decade, $186 billion less than the initial forecast of $337 billion.

Of course, if the measure manages to pass the House, it still faces significant hurdles in the Senate.

Representative Kevin Cramer of North Dakota said he fears that even if the Freedom Caucus succeeds at getting its wish and delivers the votes for the bill to pass to the House, the provisions they demand won't pass muster under Senate rules.

“It seems that they want more inclusion on the essential benefits and some of those things that the speaker and others believe” will violate Senate rules, Cramer said. “And for some, I think they're spoiling for a fight. They want to challenge the Senate.”

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Agencies
August 8,2020

Washington, Aug 8: The United States has reported 58,173 new coronavirus cases on Friday, bringing the total past 4.9 million, according to Johns Hopkins University.

"The first case of COVID-19 in the US was reported 198 days ago on 22.01.2020.Yesterday, the country reported 58,173 new confirmed cases and 1,243 deaths," it said.

The country is expected to cross the 5 million thresholds in the coming days. It leads the world both in terms of coronavirus cases and deaths estimated at over 161,300.

Overall, there have been 19.4 million cases confirmed globally and almost 721,800 people have died from virus-related complications. Another 11.7 million have recovered.

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News Network
April 30,2020

London, Apr 30: The coronavirus is roiling global job markets, but the picture is not all gloomy. Finance, technology and consumer goods firms are hiring tens of thousands in the United States and other countries, according to data from Microsoft Corp's professional networking site LinkedIn.

Across seven countries in North America, Europe and Asia, healthcare providers are among the busiest recruiters given the ongoing battle against the novel coronavirus, which has killed over 200,000 people and infected over 3 million people worldwide, LinkedIn said. But lifestyle changes during lockdown are also driving demand for financial consultants, factory workers, animators and game designers, and delivery workers.

Overall, the hiring rate has plunged in the first quarter from the year-ago period, and in late April remains lower than a year ago across most countries surveyed by the platform. But the data offer a glimmer of hope with a gradual uptick in China, where the coronavirus emerged last year and which leads the world in surfacing from a months-long lockdown.

LinkedIn, with over 690 million users worldwide, counts new hires when people add a new employer to their profile. The rate is the number of new hires divided by the total number of LinkedIn members in a country.

The figures, tracked since mid-February, are not corroborated by official jobs data and do not represent the actual number of jobs in an economy. Government figures are usually released with a time-lag of several weeks.

"We are confident that our data is directionally correct in that there has been a huge decline in hiring in the U.S. and abroad," Guy Berger, principal economist at LinkedIn in California, told Reuters.

Hiring in China plummeted 50% during the height of its coronavirus crisis in mid-February from 12 months earlier. Since restrictions were eased in early April, the hiring rate has inched up, and for the week ending April 24 was 3% lower than the same period in 2019.

Hiring in the United States, United Kingdom, France and Italy - which lead the world in coronavirus-related deaths - remains hugely depressed, but is falling less rapidly than a few weeks ago as the countries pass the peak of their epidemics.

Retailers including Walmart Inc, Amazon.com Inc and Instacart have said they would hire a total of over 700,000 workers to meet a surge in demand for groceries and household essentials during the coronavirus outbreak.

Coronavirus state-wise India update: Total number of confirmed cases, deaths on April 30

Consumer goods manufacturers such as Unilever, whose products include soap and shampoo, confirmed on Wednesday it was hiring to fill 300 jobs globally, but declined to elaborate.

Nestle told Reuters it was looking to fill 5,000 full-time U.S. positions in "a variety of levels across corporate and frontline."

Fidelity Investments, a Boston-based financial services firm, said it had accelerated recruitment because of the pandemic and was looking to fill at least 2,000 full-time roles for financial consultants, software engineers and customer service staff in the United States in 2020.

Companies hiring in the United States and other countries also include Apple Inc; ByteDance, the Chinese parent of video-sharing social network TikTok; Takeda Pharmaceutical Co Ltd; and aerospace and defence company Lockheed Martin Corp. These companies did not immediately respond to requests for comment.

DIRE WARNINGS

The International Labour Organization warned on Wednesday that 1.6 billion workers, or nearly half of the global workforce, especially in the informal economy, could lose their livelihoods.

Record numbers of people have applied for U.S. jobless benefits since mid-March, and the unemployment rate is expected to soar to 16%, White House economic adviser Kevin Hasset said this week, from a 50-year low of 3.5% before the pandemic hit.

Both Italy and France, in lockdown for nearly two months, have seen hiring rates drop by around 70% from a year ago, according to LinkedIn.

Since China is ahead of other countries on the pandemic timeline, improvements there could suggest the same is in store elsewhere, Berger said. Several American states and European countries have begun allowing some non-essential businesses and schools to reopen in the hopes of restarting the economy and allowing a gradual return to normal life.

"It's still slightly early to call it a firm recovery," Berger said, referring to improving prospects in China. "We're not expecting a full recovery but rather it's an indication that parts of the economy will switch on as lockdowns are eased, at least relative to the worst point of the pandemic."

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News Network
May 24,2020

Islamabad, May 24: Pakistan recorded 32 coronavirus-related deaths during the last 24 hours, taking the total number of fatalities in the country to 1,133, the health ministry said on Sunday.

The total number of COVID-19 patients in Pakistan also jumped to 54,601, it said.

Read: Coronavirus India update: State-wise total number of confirmed cases, deaths

Sindh reported the maximum number of 21,645 coronavirus cases, followed by Punjab at 19,557, Khyber-Pakhtukhwa at 7,685, Balochistan at 3,306, Islamabad at 1,592, Gilgit-Baltistan at 619 and Pakistan-occupied Kashmir (PoK) at 197.

According to the health ministry, 17,198 coronavirus patients have recovered and 473,607 tests, including 12,915 in the last 24 hours, have been conducted so far.

The government also issued strict instructions to observe social distancing while offering Eid prayer and asked people to avoid visiting relatives and hosting parties.

Eid congregations were held at open places, mosques and Eidgahs in all major cities and towns while following strict standard operating procedures (SOPs) of social distancing and other precautionary measures.

Pakistan Prime Minister's Special Assistant on Health Zafar Mirza on Friday said the deadly infection would continue to multiply if precautions are not taken.

Earlier this month, the government had announced the lifting of the countrywide lockdown imposed to curb the spread of the virus in phases, even as infections continued to rise in the country.

Prime Minister Imran Khan had cited the economic havoc the virus restrictions had wreaked on citizens as the reason behind the decision.

The prime minister on Saturday urged Pakistanis to forgo traditional Eid festivity in view of the hundreds of fatalities caused by the coronavirus and the lives lost in Friday's plane crash in Karachi.

Ninety-seven people, including nine children, were killed and two passengers miraculously survived a fiery crash when a Pakistan International Airlines plane with 99 travellers on board plunged into a densely populated residential area near the Jinnah International Airport in Karachi. Most of the victims were travelling home to celebrate Eid.

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