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.

Go deeper

Minneapolis unrest as hundreds protest death of George Floyd

Tear gas is fired as police clash with protesters demonstrating against the death of George Floyd outside the 3rd Precinct Police Precinct in Minneapolis, Minnesota, on Tuesday. Photo: Stephen Maturen/Getty Images

Minneapolis police used tear gas during clashes with protesters demanding justice Tuesday night for George Floyd, an African American who died in police custody, according to multiple news reports.

Driving the news: The FBI is investigating Floyd's death after video emerged of a Minneapolis police officer kneeling on his neck for several minutes, ignoring protests that he couldn't breathe. Hundreds of protesters attended the demonstration at the intersection where Floyd died, per the Guardian.

U.S. coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios. This graphic includes "probable deaths" that New York City began reporting on April 14.

Virginia Gov. Ralph Northam announced plans Tuesday to make wearing face coverings mandatory statewide for most people over the age of 10 when inside public places like retailers, on public transportation and government buildings. He announced the measure, effective Friday, as coronavirus case numbers increased to 39,342.

By the numbers: More than 98,900 people have died from COVID-19 and over 1.6 million have tested positive in the U.S. Over 384,900 Americans have recovered and more than 14.9 million tests have been conducted.

World coronavirus updates

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

Japan is preparing a second coronavirus stimulus package worth $1.1 trillion, or about 40% of the country's gross domestic product, Reuters first reported Tuesday night.

Zoom in: The new measure will be funded by government bonds and will include "a raft of loan guarantees and private sector contributions," per Bloomberg.