Insights: Healthcare

Energy, Financials, Healthcare, Macro, Tech / Media / Telecom

Senate Republicans yesterday overcame the first procedural hurdle in passing the reconciliation bill and are planning for a Monday vote on final passage, though numerous of them continue to have reservations. House Majority Leader Scalise (R-LA) has indicated a House vote on the bill could take place by Tuesday or Wednesday, though a significant...

Energy, Healthcare, Macro

The Senate parliamentarian has deemed numerous provisions of the reconciliation bill, including major components of the planned Medicaid cuts, procedurally impermissible, which some estimates suggest would add ~$250b in deficit impact back to the bill. Finance Committee Chair Crapo (R-ID) indicated to his colleagues late yesterday that the...

Energy, Healthcare, Macro

President Trump is intensifying his push to have the reconciliation bill enacted by July 4th. It appears the Senate parliamentarian will continue her review of the bill through today, with Majority Leader Thune now planning to commence with consideration of the bill on the Senate floor tomorrow and concluding over the weekend, giving the House...

Medicaid, ACA, PBMs, and HSAs in Reconciliation

Senate Republicans are in intense negotiations over modifications to the Finance Committee (SFC) draft contribution to the reconciliation bill, covering Medicaid, ACA, and other provisions (e.g., HSAs, PBMs). The SFC draft, which is more aggressive than the House bill, continues to draw push back from Republicans in both the House and Senate.

Energy, Healthcare, Macro

Last night, the Senate Finance Committee (SFC) released its draft contribution to the reconciliation bill, covering taxes and Medicaid. Notably, the SFC draft is more aggressive than the House version of the bill in cutting Medicaid, takes a slightly more moderate approach to the House’s cuts to IRA clean energy credits, and extends the SALT cap...

NIH funding has seen some increased visibility as an issue in recent days, with the release of the White House’s formal FY26 budget proposal – which calls for cutting NIH’s funding by ~$18b (~40%) from FY25 levels – and NIH Direct Bhattacharya testifying before the Senate Appropriations Health Subcommittee regarding the President’s budget and...