Jun 27, 2017

The good news/bad news for Senate Republicans

Jacquelyn Martin / AP

The good news:

  • $321 billion in net deficit reduction ($202 billion more than the House).
  • Average premiums would go down starting in 2020.
  • The markets would be stable through 2020, and stable after that "in most areas of the country."

The bad news:

  • 22 million fewer people would have health coverage.
  • The increase in the uninsured would be "disproportionately larger among older people with lower income."
  • $772 billion in Medicaid cuts.
  • States would have to decide whether to put more money into Medicaid, cut doctors' payments, eliminate optional services, restrict eligibility, or all of the above.
  • Average premiums would go up before 2020.
  • People would pay "substantial increases" for services no longer considered essential benefits.
  • "Coverage for maternity care, mental health care, rehabilitative and habilitative treatment, and certain very expensive drugs could be at risk."
  • Annual and lifetime limits could return for those services, too.
  • Deductibles would be higher. (Closer to $6,000 for a benchmark plan, vs. $3,600 under the Affordable Care Act.)
  • Some "sparsely populated areas" would have no insurers.

Key quote: "As a result, despite being eligible for premium tax credits, few low-income people would purchase any plan, CBO and JCT estimate." - CBO score

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President Trump signed a $2.2 trillion coronavirus relief package on Friday, as infections in the U.S. topped 100,000 and more cities experience spikes of the novel coronavirus.

The big picture: The U.S. has the most COVID-19 cases in the world, exceeding China and Italy, per data from Johns Hopkins. A second wave of American cities, including Boston, Detroit, New Orleans and Philadelphia, are reporting influxes of cases.

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Coronavirus updates: Italy records deadliest day with nearly 1,000 dead

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Italy on Friday reported 969 COVID-19 deaths over a 24-hour period, marking the deadliest single-day for the country since the global outbreak began, according to data from the Health Ministry.

The big picture: The U.S. now leads the world in confirmed coronavirus cases, as the number of global cases nears 600,000. Governments around the world are trying to curb the medical and financial fallout of COVID-19, as infections surge across Europe and the U.S.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 595,800 — Total deaths: 27,324 — Total recoveries: 131,006.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 9 p.m. ET: 103,942 — Total deaths: 1,689 — Total recoveries: 870.
  3. Federal government latest: President Trump signed the $2 trillion coronavirus stimulus bill to provide businesses and U.S. workers economic relief.
  4. State updates: Nearly 92% of cities do not have adequate medical supplies — New York is trying to nearly triple its hospital capacity in less than a month.
  5. World updates: Italy reported 969 coronavirus deaths on Friday, the country's deadliest day.
  6. Business latest: President Trump authorized the use of the Defense Production Act to direct General Motors to build ventilators for those affected by COVID-19. White House trade adviser Peter Navarro has been appointed to enforce the act.
  7. 🏰 1 Disney thing: Both Disney World and Disneyland theme parks in the U.S. are closed until further notice.
  8. What should I do? Answers about the virus from Axios expertsWhat to know about social distancing.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

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