In a 49-51 vote on July 27, the U.S. Senate voted against the Health Care Freedom Act, also called the “skinny repeal” bill.
Many Republican congressional leaders felt the plan fell short of a true repeal and was merely a tool to open negotiations with the House of Representatives. The bill would have removed the Affordable Care Act’s individual mandate for insurance coverage, but provided no alternative to incentivize coverage.
Health insurers are looking for legislation that would help stabilize the market and continue federal subsidies for low-income enrollees. Without cost-sharing payments and individual mandates, companies are not incentivized to join the marketplace because premiums would be too high. Insurers must decide whether to participate in the marketplace by September.
Source: The New York Times, July 27, 2017; The Wall Street Journal, July 28, 2017.