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

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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.

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Truth #1: The chaos is the point.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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