amwalalghad :: Congress revisits Obamacare, this time with a bipartisan twist

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

Congress revisits Obamacare, this time with a bipartisan twist


Published Wednesday, 13 September 2017 11:13 | Written by Amwal Al Ghad English

The U.S. Congress was wrestling with healthcare again on Tuesday, as lawmakers from both parties considered some approaches beyond simply repealing and replacing Obamacare.

The widened healthcare discussion appeared unlikely to yield dramatic changes soon, but marked a shift from the long-running, Republican effort to gut 2010’s Patient Protection and Affordable Care Act, as Obamacare is formally known.

Republicans’ last attempt in July to overturn former Democratic President Barack Obama’s signature healthcare law fell one short in the Senate in a humiliating defeat for President Donald Trump and Senate Majority Leader Mitch McConnell.

In one Senate committee, a bipartisan effort was under way on Tuesday to repair Obamacare without repealing it, led by the Republican health committee chairman, Lamar Alexander, and the panel’s top Democrat, Patty Murray. They want to stabilize the Obamacare individual insurance market by protecting its “cost-sharing subsidies.”

Those payments go to insurers to help reduce out-of-pocket medical expenses for low-income Americans enrolled in Obamacare. Trump, who made repealing and replacing Obamacare a major campaign promise, has repeatedly threatened to stop the payments, which insurers say would force a 20 percent premium price increase.

Alexander, who also wants states to have more flexibility to design health insurance plans under Obamacare, said on Tuesday the goal was a “small bipartisan step” that could break the years-long partisan stalemate over the law.

The Tennessee lawmaker said he hoped to have a bipartisan consensus proposal by sometime next week, although it was unclear if McConnell would bring such a measure to the floor. He was noncommittal when asked about it on Tuesday.

Some Republicans were supportive. Wisconsin Senator Ron Johnson said if the government did not keep funding the cost-sharing subsidies, insurance premiums would likely rise and the government would have to spend more money on tax credits that help consumers afford the premiums. “The insurance companies get their money either way,” Johnson told Reuters.

Maine Republican Susan Collins, who voted against repealing and replacing Obamacare in July, said she hoped to support the bipartisan Obamacare repair effort. “Based on the hearings so far, (I) would expect to,” she said.

The effort was being watched closely by companies such as Anthem Inc (ANTM.N), which has trimmed the number of states and counties in which it will sell Obamacare plans in 2018.

The company said on Tuesday it was still working with some state regulators on its market participation for next year. Anthem and other insurers have a deadline of Sept. 27 to finalize their 2018 Obamacare roles.

Separately, independent Senator Bernie Sanders, a 2016 Democratic presidential candidate, was pushing a plan to widen the Medicare health insurance program for seniors, to include everyone.

Most Republicans looked askance at the idea, which Sanders has long championed, while some leading Democrats like House Democratic Whip Steny Hoyer said their priority was improving Obamacare.

The Republican anti-Obamacare campaign was not entirely over. Two Republicans were planning to announce a new repeal-and-replace proposal on Wednesday that has White House support.

Senators Lindsey Graham and Bill Cassidy will offer legislation to give states money in the form of block grants instead of the federal funding states get under Obamacare.

Critics said the approach would effectively cut billions of dollars in funding for Obamacare subsidies and for the Medicaid program for the poor that many states expanded under Obamacare.

The Cassidy-Graham bill must pass by the end of September to comply with Senate procedural rules allowing it to advance with a simple majority, rather than the 60 votes needed for most bills.

“It would take an extraordinary lift to get that done before the deadline,” said Senator John Thune, a member of the Republican leadership.

Source: Reuters