Senators announce bipartisan deal to stabilize Obamacare markets – Los Angeles Times

The Senate moved closer Tuesday to a rare bipartisan deal to fix parts of the Affordable Care Act as a pair of leading senators announced an agreement designed to stabilize health insurance markets.

The deal — which was blessed by President Trump — still faces significant hurdles in Congress, particularly opposition from some conservative Republicans who want nothing less than a complete repeal of the 2010 healthcare law, commonly called Obamacare.

But the announcement of the compromise worked out by Senate Health Committee Chairman Lamar Alexander, a Republican from Tennessee, and the committee’s senior Democrat, Sen. Patty Murray of Washington, nonetheless marks an important breakthrough in the nation’s more than seven-year battle over the healthcare law.

The deal would reinstate federal payments to insurers that Trump cut off last week, offering millions of Americans some relief from rising premiums and shaky insurance markets. In a nod to Republicans, it would give states limited new flexibility to offer cheaper, less generous health plans.

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