Larry Kudlow, the veteran financial guru and former economist in the Reagan administration, said he’s confident the Senate will move forward with healthcare reform after the House approved a bill to undo Obamacare. Medicaid funding will be a “huge issue” for lawmakers to debate.
The Republican-controlled House narrowed approved the measure by a vote of 217-213, with 20 GOP defections, setting up a pathway to the Senate. The House bill would replace former President Barack Obama’s federal subsidies for low-income buyers of insurance with tax credits based on age. It also would cut Medicaid, the health insurance program for the poor and disabled.
“The Democrats don’t seem to want to play, but this will make it a faster process, and they are not going to throw out the House bill,” Kudlow said on CNBC. “They are going to work through it. Medicaid reimbursement is a huge, huge issue.”