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 issue fighting over in senate and as well as house. Phases out medicaid funding over a four year period from 2020 to 2024. It returns medicaid spending to preobamacare levels. It preserves preexisting coverage as well as coverage for 26yearolds on their parents plan. That is little bit what was announced today. Here is what Mitch Mcconnell says about the plan and why we need to pass it. Of course the democrats response. They call it a tax bill disguised as a Health Care Bill, take a listen. Next week we expect the Congressional Budget Office to release a score. After that we will proceed with robust debate and open amendment process here on the senate floor, a process i would encourage each of our 100 senators to participate in. When legislation does come to the floor it will present Senate Democrats with another opportunity to do what is right for the American People. The Senate Republican bill is a wolf in sheeps clothing, only this wolf has even sharp are teeth than the house bill. Reporter neil, one. Big key parts of this bill, it is going to be as i said, part of the fight, whether with the house or with fellow republicans is the medicaid portion. Moderate republicans said wanted much . X e slower phasing out what is the medicaid expansion. This does it in four years. In house they wanted to do it in three years. Neil . Neil senator rand paul saying this is really not an Obamacare Repeal as much as it is obamacare light. He is my special guest at 4 00 p. M. On your world on fox news channel. Tim scott, republican from south carolina, what he makes of that recall, i imagine not sole criticism on part of republicans. Senator, he is essentially saying, i think i am getting it right and more later on that it is dead on arrival. What do you think . Some senators will say no. What will you do with the binary choice keeping obamacare as it is, moving in the wrong direction, faced with false, failing formula. Or preserve and return Health Care Decisions to patients and doctors . This plan in binary world is a much better plan than obamacare. Neil all right, now i noticed that a lot of the Affordable Care act penalties would stop and that this would be a step in the direction of to make sure that no one has to get this coverage but, but therein lies what would be the means by which you would recruit people to keep the cost of it down. So how do republicans answer that . Well there is twoways to recruit people. One is to compel them, make it compulsory through the mandates, or, to allow states to design policies consistent with what folks in the state want. If you want them in the Health Insurance market, give them policies designed for younger folks. If we give more flexibility in the essential Health Benefits states find themselves creating a path for more insurers to play in that market which will bring more revenue into the Health Care Market and we as a nation will be better off when we have those folks participating in the marketplace. Neil senator, i always get worried when Insurance Companies are happy. No disparaging meant to Insurance Companies, having dealt with medical conditions, they can be rough customers. So when i see their stocks soaring and theyre relieved, theyre happy, im kind of not. Disavow me of that concern. Yes, as a patient, someone who will have access to Health Insurance, one of the things i would say is certainty and predictability in the real world of business is more important than good policy. My opinion is this policy moves us in the right direction but no one should celebrate, particularly Insurance Companies, but what they will celebrate is the fact that there will be access for more americans to have policies that they actually want to buy, and today, Health Insurance companies are leaving the exchanges, one out of three counties throughout this country have only one Insurance Company. Neil the only reason i raised it, you didnt have to be a math whiz to figure out in 2010 as we did when we covered the creation of youre a math whiz. Neil i wish. One of the things i did notice, senator, when you make all the guarranties in coverage for preexisting conditions, keeping your kids on the policy longer, and you dont think your premiums will not go up youre smoking something. To help those who did smoking something but i digress. Now, senator, wonder with same guarranties larkly kept in place, preexisting conditions, keep kids on policy longer, under this republican plan, will Insurance Companies have room t do what they did under obamacare to hike premiums . No doubt in south carolina, the rate increase was 120 . Neil wow. Under our plan we can expect rate increases to be significantly lower. One of the things that obamacare said your premium would go down 2500. What did we say see . Multiple thousand dollars increase. Now we say you can have a doctor. Neil you were not part of the group that crafted this. No, i was not. Neil can you guarranty there wont be eyepopping increases nevertheless . Never make a commitment that you know you cant keep. I have no clue on how to make a guarranty of anything in the future. What i can say however, is that relaxing the essential Health Benefits is one of the ways to create policies designed for specific needs. By doing so you bring more revenue into the health care world. That in and of itself what obamacare failed to do. The obamacare failed to attract 7 million young people as they designed plan around that would help subsidize premiums for older people because that never happened, premiums spiked. The and then they continue to spike. And so what were having to do this time around is two things that we have to do. Number one, is to stablize Health Insurance markets especially for the individual market. And number two, give states and insurers more flexibility what their citizens or their insureds want in a policy. When those two things happen, people return to the market. When people return to the market, you get more revenue. When you get more revenue you can actually lower premiums. Neil you hope. One can only hope. Critics of the senate plan say it is actually not a repeal of obamacare as much as it is sort of an adjustment, shaving at the edges. If that is indeed the case, im sure you dont agree with that assessment, would it have been wise for republicans from the getgo, all right, we want democratic support for this. Well not repeal the thing. Were mightily going to change it, had you done that, since a lot of people say in the end you came up with a lighter version of obamacare, that you could have had a lot more democratic support on this, quest to keep republicans in line might not be necessary, what do you think . Words matter. Here are the words that matter the most. The individual and the employer mandate is gone. When you no longer are compelled to buy something, democrats in large numbers fought in the opposite direction. We are restoring the decisionmaking to the household, to the individual. This is something that is a clear line of delineation between the Current Health care model that requires anyone breathing to buy it in this country, and our model that gives you the option to make a decision. So with that said, obamacare is largely about taxes and individual and employer mandate that requires people to buy insurance. We have done something significantly to restore choice in the marketplace. Neil you heard from the democratic critics, chuck schumer, nancy pelosi saying essentially this is even worse than the version the house came up with, that is to be expected i guess all marketing on their part unfortunately. Neil the Congressional Black Caucus as you know, sir, eschewed a meeting with Trump Officials on any subject. Unfortunate. Neil no one wants to be a costar in this reality show. What did you make of that . Really unfortunate. Here is what we have. We have the president of the United States willing to meet with a powerful group of Congress Members to find ways to improve the quality of life of their citizens. The answer cant be no. If you do, dont likec the direction of the policies of the president , or you dont like the president , it is not about him. It is about the policy positions that are represented in the administration that could bring relief to citizens. I brought in over 80 president s and chancellors of historically black colleges and universities and their ask was for yearround pell grant. Guess what they received before they left . Basically they received affirmation president was willing to restore yearround pell grants. Because were having conversations with groups that dont normally sit in the same room that we can help more americans. I have tremendous respect for the Congressional Black Caucus. With have to do not always do what is in our best interests but best interests of our citizens. From my best interests to sit down with anyone anywhere anytime to take a serious look to provide solutions that we represent. Neil sir, big district race in your fine state. Ralph norman won. Close. Neil fewer than four points, the Mick Mulvaney the congressional seat he was aspiring to, won by more than 20 points. Yes. Neil some overlooked that, not the fact that maybe republicans could be in more trouble than earlier thought. How do you feel . Well there is a big part of the election that we have a remember. Sometimes you win because the other team loses, ands sometimes you get comfortable when you have all three, the trifecta here in washington. What i would suggest for 28 teen that we pay close attention to every single race because every single race will not be a litmus test on the trump administration. It will be district by district in the house, and state by state . The senate. If we do not have plans specifically designed to remind our voters why they elected us, we will be in jeopardy. If we do have specific plans, remind voters were not talking about left versus right. Were talking about americas future and they are the central part of our conversation, well when races. Neil senator, good catching up with you. Good seeing you again. Good seeing you, neil, take care. Neil House Study Committee separately warning senator Mitch Mcconnell that any changes could jeopardize the bill in the house. There are a lot of changes. Not sitting well with everyone in the house. I suspect my next guest amongst them, on that committee, congressman brian babin. Not a fan of this i take it . Let me preface this, neil, the democrats predicted we wouldnt have a bill in the house. We do. There wouldnt be a bill in the senate. They are going to have one. I just got, actually some of the details on this bill. It is 150 pages long, about an hour ago. So weve been trying to digest it. Im very, very happy that were going to have a bill that we can conference or we can go, get some exchange of ideas between both houses so we can take down and repeal and replace obamacare which is absolutely in a death spiral. There are some good aspects of this thing i can see. There are some i could not support. I can tell you that right now. But im glad that we have something that we can discuss. Neil i guess in order, it goes back and forth, congressman, whether its different enough from the Affordable Care act or, just sort of graying the lines. A lot of people say at best it might be graying the lines. That any measure that has Insurance Companies and Health Insurance stockholdersc happy, then maybe there is a problem with that. That might be a little bit simplistic, but what do you think . No. Youre exactly right. Some of the, we still have a 50 billion, we have a 50 billiondollar bailout of Insurance Companies, in this thing. And that is going to be a problem. I think weve got to address. Also, you know were getting rid of the insurance mandates which i think is great. I mean the individual mandate and employ every mandate. So therefore, with our, you know, it doesnt necessitate people to buy insurance. Neil you know democrats, counter as you know sir, that could be a problem. I understand your concern about mandates. What happens in the meantime, without them what compels people getting coverage to keep the cost down . I only mention on context of saying that right now under the house plan there was a guesstimate on part of cbo, always guesstimates i dont give much credence to the number, that 23 million fewer americans would have coverage. A lot of that is penalties removed they have no reason to get coverage. How do you feel about that, is that a problem just to sell this . I think, i think that you have to have an incentive to buy insurance for this thing to succeed, neil. You cant just, wait until youre riding in the ambulance in the hospital to purchase insurance. Neil right. That is going to have to be addressed. For some of us to support this version, but that is something i think we can do. Otherwise the whole thing is house of cards and it might be unsustainable this. Is a start. That is where im optimistic. I think we can work this thing out. We have a thin margin, a razorthin margin to work with in the senate with just 52 votes plus the Vice President but i think we can get this thing done and get something satisfactory but it is something that has to be worked out, some of these aspects, i dont think are going to be workable. Neil all right. Let me just say this, neil. Neil sure. My constituents, ever since ive been in congress have been complaining about the growth of the premiums. 150 , you know, over the years. Deductibles that are absolutely unworkable. You cant use your insurance. So if we dont get premiums and deductibles down where working class americans can afford this, i think it is going to be a hard, a hard nut to crack. Neil all right. Congressman, thanks for taking the time. Good to see you. But im optimistic. Thank you, neil. Neil thats good. Half full. Were hearing now at least three republican senators are already opposed to this plan as is. Likely one of them is rand paul. Mike lee of utah strikes me as potentially one of the other two. The third one i think i have an idea but there are half a dozen names that could fit that bill. Suffice it to say rand paul will be my special guest at 4 00 p. M. Eastern time on your world. Why he is concerned that this is obama care redux and not much lighter. Stick around. Here comes the fun with seadoo seadoo has the most affordable watercraft on the market starting at just 5,299 and up to 500 rebate visit seadoo. Com today thithis is the new new york. E . Think again. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov times up, insufficient were on prenatal care. Es. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. 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Neil in middle of all this health care back and forth, including a few minutes ago, republicans in the senate failed to repeal obamacare. This is just different version of it, he will be my special guest at 4 00 p. M. Were hearing separately at least three republican senators who do not like this deal. That is significant number, because they dont have much wiggle room. They have 52 members in the senate. Now they can have the Vice President act as tie break are in that event. If they lose three votes. Then it gets to be decidedly problematic. Three senat