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(J. Scott Applewhite / AP)

The House Republican leadership is discussing removing the "continuous coverage" provision of the House Obamacare repeal and replacement bill in response to conservative concerns about it, according to a senior GOP aide.

What it does: It requires insurers to impose a one-year, 30 percent premium penalty on anyone enrolling in the individual or small group markets who was uninsured for more than 63 days within the past year.

Why it might go: The concerns center around estimates provided Monday by the Congressional Budget Office about the impact of the provision:

  • It would increase the number of covered people in 2018, but then decrease that number in 2019 and on.
  • While it was included in the bill to encourage young, healthy people to sign up for health insurance, the people who would be deterred from buying coverage because of the penalty would be healthier than those who would be willing to sign up. Sick people have more incentive to pay more for health insurance, as it's still cheaper than their medical bills.

Why it matters: Of all the ideas for changing the bill, this is one with potential to make everyone happy.

Go deeper

20 mins ago - Health

FDA panel backs Merck's antiviral COVID pill

The Merck Cherokee Plant in Riverside, Pennsylvania. Photo: Paul Weaver/SOPA Images/LightRocket via Getty Images

A Food and Drug Administration advisory panel on Tuesday voted 13-10 to endorse an antiviral pill developed by Merck and Ridgeback Biotherapeutics to treat adults at high risk of becoming severely ill from COVID-19, despite concerns over its effectiveness and safety.

Why it matters: Oral antiviral drugs designed to prevent or treat COVID-19 could be key pandemic-fighting tools, if proven effective, especially as new variants emerge. If authorized, the Merck drug, known as molnupiravir, would be the first treatment of its kind to be made available in the United States.

Shooting at Michigan high school leaves 3 dead, 6 wounded

Screengrab: CBSN

Three people dead and six others are wounded after a shooting at a high school in Michigan according to the Oakland County Sheriff's Office.

Driving the news: The alleged shooter was a 15-year-old sophomore at Oxford High School and has been arrested, per police.

Fed signals it could yank economic support quicker as inflation sticks around

Federal Reserve chairman Jerome Powell testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee today. Photo: Alex Wong/Getty Images

The Federal Reserve will consider pulling back economic support sooner "as the threat of persistently high inflation has grown," chair Jerome Powell said during a congressional hearing on Tuesday.

Why it matters: This is the biggest signal yet the Fed is backing away from its stance that soaring prices would be fleeting — a change that could shift its policies that underpin the economy.