For stockholders definitely. For their patients maybe not so much. But that is getting a little bit into the weeds here. Lets focus on the Bigger Picture this is finally out there. There is bickering back and forth the timing of all of this, whether this is obamacare light. You heard all the criticism, protests amassing on capitol hill those say it goes too far, that it will kill americans. Protesters are going that far. To adam shapiro on latest on all of that. Hey, adam. Reporter better care reconciliation act. That is what senate introducing. Go you through a few details. It will continue subsidize in some cases for obamaCare Coverage to stablize insurance markets. No subsidies for could have includes abortion services. Defunds planned parenthood for one year. It will repeal billions of dollars in obamacare taxes. Repeals the individual and employer mandate. It caps medicaid payments. It preserves tax credits for people but theyre less generous. Phased out medicaid funding. This is
President trump getting assassinated. The outrage coming up this morning. The gulf coast face it is fallout of Tropical Storm sendy, tornadoes slamming alabama leaving a path of destruction. Today marks a year since britains historic vote to leave the european union. British Prime Minister theresa may detailing plan for eu citizens to stay in the country after the exit and American Airlines not too happy with possible investment of Qatar Airways. Why american ceo is pushing back on that buy. Plus the big banks and what that means for President Trumps regulation plan. Markets look like this this friday morning. We are expecting markets to open mix. Nasdaq up 6 points this morning and in europe take a look at indices right now. As you see weakness across the board. Ftse down, almost half a percent. Cac quarante also weaker and dax down as well. Many asia markets closed like this. Best performer kospi and shanghai. All those stories coming up this morning and joining me to talk about it l
Make it to 2026 your premiums would go down by as much as 20 . So really they are still going up but it will feel luke they are going down. Its like having Food Poisoning after the stomach flu. Supposedly 22 million more americans would go uninsured with 15 million foregoing insurance all together because the peopleups are too high. Because the peopleup premiuo high. High. Whats the worst part about this kind of ponzi scheme . You have to hold a gun to peoples head. Millions want to opt out of that coercion. But then insurance gets really expensive fit only covers sickos. So republicans are trying to put together another individual mandate. If your coverage lapses you have to sit it out for six months. Its a complete fiasco. So what have democrats been saying about the legislation . Its not even a healthcare bill its a tax cut for the wealthiest americans. Its not a healthcare bill, its a tax cut for the rich. Republicans cannot excise the rotten core at the center of their healthcare
Make it to 2026 your premiums would go down by as much as 20 . So really they are still going up but it will feel luke they are going down. Its like having Food Poisoning after the stomach flu. Supposedly 22 million more americans would go uninsured with 15 million foregoing insurance all together because the peopleups are too high. Because the peopleup premiuo high. High. Whats the worst part about this kind of ponzi scheme . You have to hold a gun to peoples head. Millions want to opt out of that coercion. But then insurance gets really expensive fit only covers sickos. So republicans are trying to put together another individual mandate. If your coverage lapses you have to sit it out for six months. Its a complete fiasco. So what have democrats been saying about the legislation . Its not even a healthcare bill its a tax cut for the wealthiest americans. Its not a healthcare bill, its a tax cut for the rich. Republicans cannot excise the rotten core at the center of their healthcare
The recess. They are not good for controversial legislation. Collins, probably the most moderate one to get on told that wasas like him she was enthusiastic that she was opposing it. Senators are pretty pessimistic about it. Right now it is not doing great. Mitch mcconnell does want to bring it back next week. He is still trying to tweak the legislation of bring senators on board. Once they come back every to for the august recess. Written,et the bill scored, everybody on board and try to get 50 votes. That seemed like a high task. Host will there be in august recess . Guest some republicans are calling for the recess to be canceled in part because of this. It is too early to say right now. It is late july and the feeling they are making progress. Perhaps he could be delayed one week. That august recess is somewhat sacred to washington and folks do like to get home. But if they have the option of making progress on this, setting seven your Campaign Pledge to repeal the Affordable Care