Apr 3, 2017

New Trumpcare offer to Freedom Caucus: Let Tom Price handle it

J. Scott Applewhite / AP

The latest idea for bringing Trumpcare back to life offers a compromise to the Freedom Caucus: Rather than rolling back Obamacare's insurance regulations in the bill, Republicans would give Health and Human Services secretary Tom Price the power to let states do it. The idea, according to a congressional aide familiar with the plan, is to expand Price's authority so he can grant waivers to let states knock out some of the regulations the conservatives consider the most expensive.

The likely targets: The "essential health benefit" requirements, which define 10 categories of services insurers have to cover, and the "community rating" provision, which prevents insurers from charging higher rates to sick people. White House officials are hoping to finalize the text tonight.

Between the lines: The new approach is the reason White House officials and congressional Republicans are getting more hopeful about a breakthrough, although there's still a long way to go and they'd have to be sure the compromise actually picks up new Freedom Caucus votes. They also have to make sure it doesn't scare away moderates. Vice President Mike Pence is scheduled to meet with members of the moderate Tuesday Group this afternoon at 4 pm.

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China tries to contain coronavirus, as Apple warns of earnings impact

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's NHC; Note: China refers to mainland China and the Diamond Princess is the cruise ship offshore Yokohama, Japan. Map: Danielle Alberti/Axios

As China pushes to contain the spread of the novel coronavirus — placing around 780 million people under travel restrictions, per CNN — the economic repercussions continue to be felt globally as companies like Apple warn of the impact from the lack of manufacturing and consumer demand in China.

The big picture: COVID-19 has now killed at least 1,775 people and infected more than 70,000 others, mostly in mainland China. There are some signs that new cases are growing at a slower rate now, although the World Health Organization said Monday it's "too early to tell" if this will continue.

Go deeperArrowUpdated 2 hours ago - Health

Apple will miss quarterly earnings estimates due to coronavirus

Apple CEO Tim Cook

Apple issued a rare earnings warning on Monday, saying it would not meet quarterly revenue expectations due to the impact of the coronavirus, which will limit iPhone production and limit product demand in China.

Why it matters: Lots of companies rely on China for production, but unlike most U.S. tech companies, Apple also gets a significant chunk of its revenue from sales in China.

America's dwindling executions

The Trump administration wants to reboot federal executions, pointing to a 16-year lapse, but Pew Research reports the government has only executed three people since 1963.

The big picture: Nearly all executions in the U.S. are done by states. Even those have been steadily dropping for two decades, per the Bureau of Justice Statistics (BJS) — marking a downward trend for all executions in the country.