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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
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GOP Sen. Susan Collins Calls Latest Obamacare Repeal Bill ‘Unacceptable’

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Madeline Farber
Madeline Farber
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Madeline Farber
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July 21, 2017, 6:26 PM ET
Senate Judiciary Committee Considers Senator Jeff Sessions To Be U.S. Attorney General
Senator Susan Collins, a Republican from Maine, introduces Senator Jeff Sessions, a Republican from Alabama, not pictured, at the start of the Senate Judiciary Committee in Washington, D.C., U.S., on Tuesday, Jan. 10, 2017. Sessions will warn at his confirmation hearing Tuesday of a "dangerous trend" in violent crime and vow to better defend police while tackling accusations that he'll gut civil rights, as he seeks to become President-elect Donald Trump's attorney general. Photographer: Pete Marovich/Bloomberg via Getty ImagesBloomberg Bloomberg via Getty Images
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Sen. Susan Collins (R-Maine) is not happy with the GOP’s latest plan to repeal Obamacare.

During an appearance at the Maine Medical Center Research Institute on Friday, the Senator said repealing Obamacare is “unacceptable” because it would leave millions without insurance, the Portland Press Herald reports.

If the Senate bill were to become law, 22 million fewer Americans would have health insurance by 2026, according to a Congressional Budget Office report.

“I have deep concerns and am opposed to the Senate bill, ” she continued, adding that the bill would “make sweeping changes to the Medicaid program,” and “would take out of the Medicaid program more than $700 billion dollars.”

“You don’t take a safety net program that has been operating for more than 50 years and change it in fundamental ways without having a single hearing to evaluate its impact,” she said.

Despite opposition from some Republicans, Senate Majority Leader Mitch McConnell said this week there will be a vote to repeal Obamacare, also known as the Affordable Care Act, on Tuesday.

 

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