May 4, 2017

The 5 winners of AHCA

Andrew Harnik / AP

The GOP health care plan passed the House today. Now it's up to the Senate to decide whether the bill will become law. If it passes, some people and businesses will emerge as clear winners, while others will lose out on certain benefits.

  1. Trump and Paul Ryan: The leaders have pushed to make repealing and replacing Obamacare the administration's first big legislative feat.
  2. High-income earners: The bill gets rid of two taxes on individuals earning more than $200,000, or couples earnings more than $250,000 — a 0.9 percent increase on Medicare payroll tax, and a 3.8 percent tax on investment income.
  3. Large employers: The bill eliminates Obamacare's employer mandate, which required large companies to offer affordable coverage for their workers.
  4. People who don't want health insurance: The bill would eliminate the individual mandate.
  5. Reps. Bill Long and Fred Upton: The congressman switched their "no" votes to "yes" votes after their amendment was added.

Go deeper

Situational awareness

Photo: Brett Carlsen/Getty Images

Catch up on today's biggest news:

  1. Mike Bloomberg offers to release women from 3 NDAs
  2. Wells Fargo agrees to pay $3 billion to settle consumer abuse charges
  3. Bloomberg campaign says Tennessee vandalism "echoes language" from Bernie supporters
  4. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  5. Nearly half of Republicans support pardoning Roger Stone

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.

Bloomberg offers to release women from 3 nondisclosure agreements

Mike Bloomberg. Photo: Brett Carlsen/Getty Images

Mike Bloomberg said Friday his company will release women identified to have signed three nondisclosure agreements so they can publicly discuss their allegations against him if they wish.

Why it matters, via Axios' Margaret Talev: Bloomberg’s shift in policy toward NDAs comes as he tries to stanch his loss of female support after the Las Vegas debate. It is an effort to separate the total number of harassment and culture complaints at the large company from those directed at him personally. That could reframe the criticism against him, but also protect the company from legal fallout if all past NDAs were placed in jeopardy.