The Senate’s schedule is set to change next week for the second time this year as senators begin to consider a package of bills to stabilize the Obamacare marketplaces.
The hearings are scheduled for Friday, March 13.
The Senate will reconvene on March 14 for a final vote on the package.
The hearings will be closely watched by insurance executives, who will be watching the exchanges closely as lawmakers attempt to figure out how to fix them and whether the Republican-led House can pass the legislation before it leaves the Capitol.
Senate Finance Committee Chairman Orrin Hatch Orrin Grant HatchGOP opens door to new taxes on tobacco companies Senate Finance Committee votes to advance ‘skinny’ Obamacare replacement bill MORE (R-Utah) and Sens.
Rand Paul Randal (Rand) Howard PaulA Senator Gary Johnson could be good not just for Libertarians, but for the Senate too Conservatives left frustrated as Congress fails to repeal Obamacare GOP senators slam GOP over Trump immigration bill MORE Jr. (R) and Jerry Moran Gerald (Jerry) MoranGoogle, Facebook, Amazon among tech companies to share information on political ads Senate GOP holds final vote to advance Obamacare replacement legislation, votes to proceed on health care measure MORE (D) announced that they will hold hearings to discuss their efforts to stabilize Obamacare markets.
In addition to hearings, lawmakers will also hold two more meetings with insurers, which will be held on March 15 and March 16.
The House has scheduled a hearing on March 19, while the Senate has a markup to discuss its bill.
The two hearings will address issues including the impact of premium hikes and how to handle a large enrollment bump in 2018.
The Republican plan would allow states to opt out of the law’s insurer mandate for some individuals and businesses.
The Congressional Budget Office estimated that the Republican plan could cause 14 million Americans to lose their health insurance and could lead to 12 million more people not having health insurance by 2026.
The CBO also predicted that premiums for older people and those with pre-existing conditions would increase.
In a statement, Hatch and Paul praised the bipartisan deal reached last week between Hatch and House Speaker Paul Ryan Paul DavisRyan wants GOP to leave Rosenstein to Trump Ryan: If we don’t get it done by April 7, I’ll step down MORE (Wis.).
“While it remains unclear what the Senate will pass on its own plan to stabilize and expand the health insurance marketplaces, this bipartisan effort is a step in the right direction to improve the quality of care and to reduce costs,” Hatch said.
“I am pleased that the Senate is continuing to work with the House on this important bipartisan effort, and I look forward to continuing to listen to the concerns of Americans and to hearing from industry stakeholders on their views of the Senate’s legislation.”