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Waiting for the CBO
The street is sitting on its collective hands waiting for the Congressional Budget Office to release its “score” on the Republican replacement plan for Obamacare. The bipartisan agency wasn’t exactly spot on with its work for Obamacare, although some argue that the combined coverage under the Obamacare exchanges and Medicaid add up to the initial promises for the law. That’s taking license, but it underscores one of many challenges for the GOP.
Currently, there are 27 million uninsured, which is significantly more than the CBO modelled for back in 2010.
The $70.0 billion paid by the federal government to cover the Medicaid expansion would be sorely missed by the 31 states that opted into the scheme, including many controlled by Republican governors.
While the board market is struggling for footing, tech names are taking off in the wake of the Mobile Eye (MBLY) acquisition. There is no doubt that many more deals are going to happen as the tech world gears up for future battles that are coming sooner, rather than later.
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