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Sens. Cassidy (on left) and Graham are set to introduce a new version of their health care bill. Photo: Pablo Martinez Monsivais / AP

Sens. Lindsey Graham and Bill Cassidy have revised their health-care bill, allowing states to loosen more of the Affordable Care Act's regulations while diverting more money to the states whose senators hold the deciding votes on the legislation. They will formally release the revised measure tomorrow.

Why it matters: The deadline to pass a bill with just 50 votes is Saturday.

The Congressional Budget Office is expected to release preliminary estimates this week of the initial — and now outdated — version of the bill. With the clock ticking and little time for independent economic analyses, Graham and Cassidy are making a last-minute play for senators who have been critical not only of the bill's contents, but of the rushed process, too.

What's different: According to Graham and Cassidy's analysis, the revised bill would direct more money to Alaska, Arizona, Kentucky and Maine, compared with earlier versions. But it would still reduce overall federal funding to those states — whose Republican senators are, for now, opposed to the bill or undecided.Although the state-by-state numbers being circulated show these states faring well, the Kaiser Family Foundation's Larry Levitt called them "pretty misleading," as they don't take into account the per-person cap on federal Medicaid funding. They also add state savings to the block grants under the bill, but don't include them in the current law baseline, meaning the comparison isn't apples to apples. The revisions also ramped up some of the regulatory rollbacks needed to help win conservative votes. Sen. Ted Cruz said earlier today that he's not yet on board with the legislation.For Alaska:Funding carve outs for low-density states Increased Medicaid federal match rate for high-poverty states, aka Alaska and Hawaii Regulatory changes: Allows "multiple risk pools," which could separate sick and healthy people and thus drive up premiums for people with pre-existing conditions. Allows states to change the federal cap on out-of-pocket costs for enrollees.Allows states to decide how much insurers can charge people with pre-existing conditions, the benefits plans must offer and how cost-sharing is structured.States only have to describe their plans; they don't have to submit waivers of insurance rules."If there was any question about Graham-Cassidy's removal of federal protections for pre-existing conditions, this new draft is quite clear," Levitt tweeted. Go deeper: The bill ... State-by-state effects

Go deeper

Why made-for-TV moments matter during the pandemic

Photo illustration: Sarah Grillo/Axios. Photos: Erin Schaff-Pool, Biden Inaugural Committee via Getty Images

In a world where most Americans are isolated and forced to laugh, cry and mourn without friends or family by their side, viral moments can offer critical opportunities to unite the country or divide it.

Driving the news: President Biden's inauguration was produced to create several made-for-social viral moments, a tactic similar to what the Democratic National Committee and the Biden campaign pulled off during the Democratic National Convention.

Updated 8 hours ago - World

Over 3,000 detained in protests across Russia demanding Navalny's release

Russian police officers beat protestesters at a rally against of jailing of oppositon leader Alexei Navalny in Moscow on Saturday. Photo: Mikhail Svetlov/Getty Images

Police in Russia on Saturday arrested more than 3,300 people as protesters nationwide demanded that opposition leader Alexey Navalny be released from jail.

Details: Demonstrations began in the eastern regions of Russia and spread west to more than 60 cities.

Updated 10 hours ago - Politics & Policy

Arizona Republicans censure Cindy McCain and GOP governor

Combination images of Cindy McCain and Gov. Doug Ducey. Photo: FilmMagic/FilmMagic for U.S.VETS/Michael Brochstein/SOPA Images/LightRocket via Getty Images

Arizona Republican Party members voted on Saturday to censure prominent GOP figures Cindy McCain, Gov. Doug Ducey and former Sen. Jeff Flake (R-Ariz.), who've all faced clashes with former President Trump.

Why it matters: Although the resolution is symbolic, this move plus the re-election of the Trump-endorsed Kelli Ward as state GOP chair shows the strong hold the former president has on the party in Arizona, despite President Biden winning the state in the 2020 election.