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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Health

The Republican-Dominated Kansas Legislature Just Approved a Major Obamacare Provision

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Sy Mukherjee
Sy Mukherjee
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Sy Mukherjee
Sy Mukherjee
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March 28, 2017, 4:29 PM ET
The Republican National Convention (RNC) in Tampa, Florida
Sam Brownback, governor of Kansas, speaks during a Bloomberg Television interview inside the Bloomberg Link during the Republican National Convention in Tampa, Florida, U.S., on Tuesday Aug. 28, 2012. Mitt Romney secured enough delegates to officially win the Republican presidential nomination at the party's convention in Tampa. Photographer: David Paul Morris/Bloomberg via Getty ImagesPhotograph by Bloomberg via Getty Images
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Republicans control more than 70% of the Kansas state legislature. And they just voted to take part in one of Obamacare’s most critical programs.

In a 25-14 vote, Kansas state senators voted for the state to take part in the Affordable Care Act’s Medicaid expansion, which provides coverage for millions of low-income Americans throughout the country. That follows the Kansas state House of Representatives’ similar green light for the program last week. If enacted – an unlikely proposition since Republican Gov. Sam Brownback has expressed deep skepticism about Medicaid expansion – it’s expected to extend health coverage to about 150,000 poor Kansas residents.

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The fact that so many moderate Republicans joined with a unified Democratic caucus to pass the measure underscores the new reality of health care reform following the American Health Care Act’s (AHCA) collapse in the House of Representatives last week.

That bill, also known as Trumpcare, failed after growing opposition from both conservative GOP lawmakers who didn’t think it went far enough to dismantle Obamacare as well as more moderate elected officials who feared the legislation’s increasingly rightward trajectory – including massive cuts to Medicaid, which has covered millions in red states and blue states alike.

Traditionally conservative rural states have much to gain from the Medicaid expansion considering the financial stresses that a large number of uninsured people have on hospitals in these regions. That’s part of the reason why rural medical services provider LifePoint Health saw shares spike considerably following Republican leadership’s decision to pull the AHCA from consideration. The Kansas Hospital Association had warned that more hospitals could be forced to shutter without Medicaid expansion.

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