Senate GOP's Health Care Overhaul Would Bring 'Pain' to Americans: Obama

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The Senate proposal is broadly similar to the bill passed by House Republicans last month, with a few notable differences.

WASHINGTON (AP) - Senate Republicans' new health bill cuts taxes by almost $1 trillion over the next decade, mostly for corporations and the richest families in America.

Since leaving office, Obama has largely stayed out of the public spotlight, and rarely comments on the political news of the day.

After weeks of cloak and dagger discussions, Senate Republicans on Thursday released the text of their health care overhaul plan.

"One of the reasons for us putting our statement forward is, now that it is known that there are not 50 votes for this, I hope that those who are writing the bill, who have written the bill, will negotiate", Paul said.

"I am pleased that we were able to arrive at a draft that incorporates inputs from so many different members who represent so many different constituents who are facing so many different challenges", McConnell said after unveiling the bill.

"You can put a lace collar on a pit bull and it's still a mean dog", Durbin said.

She contended, for example, that the bill's tax cuts for the wealthy are paid for by "blood money:" cuts to tax credits that help individuals pay for health insurance and to Medicaid, a program that provides health coverage to low-income Americans.

The Senate bill would continue Medicaid expansion under Obamacare for three years, then begin to roll it back in 2021. One-sixth of the USA economy will be upended, with unknown risks and consequences. Michigan Senator Debbie Stabenow called the hearing to hear about the impact cuts in health care funding might have.

Ryan said he would not "armchair quarterback" the Senate process because Senate leaders didn't do that during hard negotiations in the House.

Today, Angel Padilla, policy director at the Indivisible Project, released the following statement on the "Better Care Reconciliation Act of 2017," Senate Republicans' version of TrumpCare.

Obama later asks in part, "What impossible choices will working parents be forced to make if their child's cancer treatment costs them more than their life savings?" Millions of families will lose coverage entirely.

"The Senate Republicans are trying to con Americans into thinking that they are fixing problems here, when in fact what they're doing is causing new ones", he said.