Below is a summary of recent U.S. Senate action on healthcare legislation and our outlook regarding coming issues and possible actions. Holland & Knight's Healthcare & Life Sciences Team will follow up as developments warrant, in particular with regard to a possible announcement on cost-sharing reduction subsidies.

Summary of Senate Action -

On July 27, 2017, the Senate completed all debate time on the Better Care Reconciliation Act of 2017 (BCRA), the bill that would repeal and replace the Affordable Care Act (ACA). During the debate, a number of amendments were offered and voted upon. Behind the scenes, however, Majority Leader Mitch McConnell (R-Ky.) was working to develop a substitute proposal that could garner the support of 50 Republican senators. As was being publicly reported all day, the Majority Leader was working toward a "least common denominator" approach (the so-called "Skinny Bill") that could allow the Senate to pass some form of legislation with the idea that it could then be further considered in a House-Senate conference...