Apr 7, 2017

Why Republicans might want to rethink their Trumpcare amendment

J. Scott Applewhite / AP

House Republicans were excited yesterday about the new "risk-sharing" program they're adding to Trumpcare, but Bloomberg reports that an actuarial analysis revealed it would require some things Republicans don't usually like.

The analysis, released today by Milliman, shows that the program would only work if:

  • It spent a lot more than the $15 billion Republicans want to spend, and:
  • If it uses government-set payment rates for doctors and hospitals.
  • If it doesn't do either of those things, it wouldn't reduce health insurance premiums, which is the whole point of the program.

Why it matters: It's a sign of how quickly the idea was rushed out to show progress in the Trumpcare talks. The GOP sponsors talked up the analysis yesterday as proof that their idea would work, but it's now clear that the study didn't really give them the endorsement they wanted.

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Rebecca Falconer
Updated 2 hours ago - World

Pandemic plunges U.K. into "largest recession on record"

The scene near the Royal Exchange and the Bank of England in the City of London, England. Photo: Tolga Akmen/AFP via Getty Images

The United Kingdom slumped into recession as its gross domestic product GDP shrank 20.4% compared with the first three months of the year, the Office of National Statistics (ONS) confirmed Wednesday.

Why it matters: Per an ONS statement, "It is clear that the U.K. is in the largest recession on record." The U.K. has faired worse than any other major European economy from coronavirus lockdowns, Bloomberg notes. And finance minister Rishi Sunak warns the situation is likely to worsen.

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Axios
Updated 2 hours ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

The United Kingdom slumped into recession on Wednesday, as its gross domestic product GDP shrank 20.4% compared with the first three months of the year.

By the numbers: Over 741,400 people have died of the novel coronavirus globally and more than 20.2 million have tested positive, per Johns Hopkins. Almost 12.6 million have recovered from the virus.

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Axios
Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 20,294,091 — Total deaths: 741,420— Total recoveries: 12,591,454 — Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 5,141,207 — Total deaths: 164,537 — Total recoveries: 1,714,960 — Total tests: 63,252,257 — Map.
  3. States: Georgia reports 137 coronavirus deaths, setting new daily record — Florida reports another daily record for deaths.
  4. Health care: Trump administration buys 100 million doses of Moderna's coronavirus vaccine.
  5. Business: Moderna reveals it may not hold patent rights for vaccine.
  6. Sports: Big Ten scraps fall football season.
  7. World: Anthony Fauci "seriously" doubts Russia's coronavirus vaccine is safe
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