Sens. Lamar Alexander and Patty Murray are trying to find an ACA compromise, (AP Photo/Alex Brandon, File)

Senate HELP Committee Chairman Lamar Alexander is trying to thread a very thin needle as he searches for a bipartisan bill stabilizing the Affordable Care Act's insurance markets. He's under pressure from all sides, but almost everyone agrees: If anyone is going to figure out how to solve this, it's him.

  • "Lamar is the perfect person to be in the position that he's in," Sen. Jerry Moran told me.

Yes, but: As Sen. Roy Blunt told me, "He's very capable and he's good at trying to find a rational argument on how to get something done. But this is a hard assignment, so we'll see how he and Sen. [Patty] Murray do."

Alexander has tried to carve out a narrow middle ground in a debate that has never really had one. Here's why it's so hard, and where the competing pressures are coming from:

  • The right: Several Republicans, including Finance Committee Chairman Orrin Hatch, quickly criticized the prospect of funding the ACA's cost-sharing subsidies as an "Obamacare bailout." Republicans are not going to readily vote to prop up a law they've spent years attacking, unless they get some real concessions. "Trying to get people to think about this outside of just the collapsing failure that many of us see in Obamacare is hard to do. And I think to get very many votes on the Republican side, you'd have to have a bill that arguably creates a lot more flexibility for governors and states," Blunt said.
  • The left: It's easy for Democrats to support funding the cost-sharing subsidies. But Alexander must convince them to get on board with more flexibility to the states — which and that would likely mean softening some of the ACA's insurance regulations, which Democrats don't want to do.
  • The real world: Insurers have proposed double-digit premium hikes; dozens of counties might not have any insurance plans available next year; and many more counties will only have one insurer. If Congress doesn't act, real people will get hurt."I don't think the question is what kind of challenge you face doing it. I think if you do nothing…you have a mad electorate who's mad at us not doing anything. I don't think we have any option," Sen. Johnny Isakson told me.
  • The clock: Insurers must decide by Sept. 27 whether to participate in the exchanges next year. That leaves Alexander very little time to act.

What Alexander says: "If it's balanced, I think I can persuade enough Republicans to support it. This is the kind of proposal where it will have to get a good number of Democrats and a good number of Republicans. It's not like it'll be one-sided."

The strategy: Alexander and Sen. Patty Murray, the top Democrat on HELP, have kept the discussion narrow, and brought in senators outside their committee at the beginning of the process. One of those senators, Sen. Angus King, said Alexander and Murray have handled this difficult task "just the right way."

  • "Lamar's really smart, really smart, he has great people around him, he has a great demeanor about him, and he has a great partner in Patty Murray," Sen. Tom Carper said.

Go deeper

Trump floats executive action even if stimulus deal is reached

Photo: Samuel Corum/Getty Images

The White House is finalizing a series of executive orders addressing key coronavirus stimulus priorities if negotiations with Congress fall apart, and it's leaving the door open for President Trump to use them even if a deal is reached that doesn't encompass all of his priorities, two administration officials tell Axios.

What we’re hearing: “I wouldn't be surprised that, if something gets left off the table, we’d be like ‘we can take this executive action too and be able to win on it anyway,’” one official said.

6 mins ago - Technology

TikTok responds to Trump executive order: "We are shocked"

Photo: Jakub Porzycki/NurPhoto via Getty Images

TikTok said Friday that it was "shocked" by President Trump's executive order that will ban Americans from dealing with ByteDance, its China-based owner, in 45 days.

Why it matters: TikTok argued that Trump's move "risks undermining global businesses' trust in the United States' commitment to the rule of law, which has served as a magnet for investment and spurred decades of American economic growth."

U.S. economy adds 1.8 million jobs in July

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. added 1.8 million jobs last month, while the unemployment rate fell to 10.2% from 11.1% in June, the Labor Department said on Friday.

Why it matters: The labor market continued to recover but the pace of job growth slowed significantly from June’s 4.8 million job gain, suggesting a stalled improvement as coronavirus cases surged and states pulled back on reopening plans.