“It’s Just a Bill…” A Quick Summary of the Senate’s Proposal

What the Healthcare Bill Means

As I type this, that old song from Schoolhouse Rock is running through my head: “I’m just a bill, I am only a bill…”

Last week, Senate Republicans released their proposal to repeal and replace the Affordable Care Act (ACA)- the Better Care Reconciliation Act. Despite opposition from several conservative senators, it sounds like Senate Majority Leader Mitch McConnell still plans to bring the bill up for a vote before the July 4th recess.

The proposal is similar to the one from the House – the American Health Care Act. Here is a quick summary of some of the more important provisions:

  • It expands HSAs by increasing the maximum contribution limit and allowing both spouses to make catch-up contributions to the same HSA.
  • Employer and individual mandates would be repealed by reducing penalties to zero.
  • It preserves many ACA provisions such as the prohibition of lifetime limits and pre-existing condition exclusions, coverage for adult children up to age 26, guaranteed availability of coverage, nondiscrimination rules, and prohibition of health status underwriting.
  • Federal subsidies would be replaced with tax credits.
  • It will change how individual states can get waivers from certain provisions of the ACA.
  • The Cadillac Tax would be delayed until 2026.
  • The flexible spending account limit would be removed.
  • It would repeal the ACA’s Medicaid expansion
  • The Congressional Budget Office announced their “score” earlier today. They estimate that 22 million people could lose health coverage over 10 years, but Medicaid changes could cut deficits by $321 billion.

The next several days will likely be very interesting.

While we are waiting to see what comes next, here is the Schoolhouse Rock video so you can reminisce…


If you have questions about your health plan or how it might be impacted, please call us at (866) 724-0008 or click the button below.


Leave a Comment

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.