/ News & Insights / This Summer’s Blockbuster Is the Senate Healthcare Reform Vote

This Summer’s Blockbuster Is the Senate Healthcare Reform Vote

healthcare on June 7, 2017 - 3:16 pm in News & Insights

According to an official in the Trump Administration, the Senate is expected to vote on their revised version of the healthcare reform bill before the August legislative recess.

Marc Short, White House Director of Legislative Affairs told journalists “There’s been a lot of discussions with staff… I think the text is pretty far along.”

John Cornyn, Senate Majority Whip, and second-ranking Republican said Monday that he thought the vote could come as early as July.

Congress hopes to get the healthcare bill passed during the summer to clear the way for their proposed tax overhaul. Short stated that the Senate plan currently focuses on tax cuts.

“We want it to be revenue neutral, and we are still supportive of tax reform, but I am also saying to you that what we believe is most important to get the economy going is the tax cuts,” Short said.

The healthcare bill narrowly passed the House of Representatives in May. A CBO report, released after the House vote, may result in 23 million people losing their insurance. However, the bill would also reduce the federal deficit by $119 billion between now and 2026.

The Senate version of the bill will be here by the end of the summer at the latest. Of course, if the bill passes, this will not be the end of the healthcare reform drama. If the version of the bill the Senate passes is different from the House version, a new version of the bill will have to be drafted that incorporates pieces of both versions that need to be approved once again. Once that is completed, the bill will need to be signed by the president in order to finally become law.

As this moves through the legislative process, it is important to stay up on the latest developments with the bill. Provisions will change, and it is crucial to known what to expect and prepare before the bill becomes law.

Header Photo – Copyright: designsource09 / 123RF Stock Photo

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