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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Senate advances Amy Coney Barrett nomination, setting up final confirmation vote

Photo: Xinhua/Ting Shen via Getty Images

The Senate voted 51-48 on Sunday to advance the Supreme Court nomination of Judge Amy Coney Barrett, setting up a final confirmation vote for Monday.

Why it matters: It's now virtually inevitable that the Senate will vote to confirm President Trump's third Supreme Court nominee before the election, which is just nine days away.

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Wall Street is living up to its bad reputation

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Recent headlines will have you convinced that Wall Street is hell-bent on living up to all of its stereotypes.

Driving the news: Goldman Sachs is the biggest and the boldest, paying more than $5 billion in fines in the wake of the 1MDB scandal, in which billions were stolen from the people of Malaysia.