Healthy kelsey snow, she covers congress for the washington post. Also the editor in chief of fox. The bill has had more than one day to soak in on the hill, how is it going . Can mitch question is mcconnell get the 50 votes . They need a majority of 51 votes to pass this. They can callin Vice President mike pence for backup. They have 52 republicans in the senate and they can only lose two. Right now we are looking at for conservatives who have said that they do not support the bill and its current form. They left open a lot of room to get themselves a few yeses. The real question is what will happen with moderate. There are a lot of questions at this point. They dont have 58, but there is a lot of confidence that they will be able to get there. Kospi,s also mark collins, Mitch Mcconnell has to do this dance with everyone. What areion is peoples policy bottom lines. We have to look at the republican divide on health care. You have the moderates who have been saying they need to do more to protect medicaid. This has deeper medicaid cuts in the house bill. Is on inflation. Inflation grows more slowly than medical costs. It is a much deeper cuts to medicaid but the cuts dont begin for longer. Your cutting political liability. Why you would want to cut medicaid, i dont exactly know. Youll have to see how that comes up. The conservatives one of the market regulations of the Affordable Care act gone. The entitlement, the guarantees, the way it interacts with the medical system. Is the billresting bill retains most of the architecture of the Affordable Care act. A place where liberals do not like it because it does not get with the Affordable Care act gets done done. And conservatives are not there because the tilting of the Affordable Care act platform, democrats can come back and refill it with money. In. , there is still a lot of policy disagreement here. If republicans want to pass something, this is something. Jeff can we talk about some of the specifics of the expansion. Medical be pegged to cost device increases medical Cost Increases . Ezra this is quite bad. Getting in 2021, they begin phasing out obamas medicare expansion. That is phased out by 2024. In 2025, they put the rest of the Medicaid Program onto a slower rate of growth. Go up fastbreak couple of reasons. One of the big ones is that they keep introducing new technologies. Health care keeps getting more expensive because we keep Getting Better at it, we get new drugs, we get new medical devices. In order to keep pace with what people spend on health care come you have to keep pace with the people spend on health care. Republicans are putting medicare on a growth rate that lags behind increases in health care costs. Because it is general cost of living, you could have the price fall and that means you get a cut. It is a huge longterm cuts to the program that will hurt the most horrible people in america disproportionally. Kelsey, lets talk about what you expect heading into monday and when the cbo score comes out. We know there are heavy discussions going on. The lobbying has begun. Lee, and rand paul need to get on board. A separate lobbying effort that is being done for the moderates. They do have very different needs here. Their needs are sometimes at cross purposes. Changes that the conservatives want to see they want to see that they have had more chances to opt out, giving people guaranteed benefits and insurance plans. They want to make it so it is a lot easier to say here is a plan,ones chop down doesnt protect for preexisting conditions, does not cover thereity at all, they say are young and Healthy People who went cheap plans. They want to make those available. Makes other people really worried because the more cheap plans that are out there, the more likely it is that the entire Insurance Market will have less protected plans. There are changes that could be made over the weekend. They are changes that could be made that sweet. There is a balancing act that has to be done to make sure they dont go too far to the right or too far to the left. The other thing to watch is what happens behind the scenes on planned parenthood. We are waiting to see if the Senate Parliamentarians who have the final say on what happened was that it is ok for the republicans to defund planned parenthood for one year and have restrictions on abortion coverage. As of right now, the tax credits are restricted so people cannot receive tax credits to buy lands that cover abortion care. It is not clear that is how the bill will end up by the time it gets to the floor next week. Jeff i want to talk about reconciliation. That is another tricky part of this have to navigate. His plan to me explain to me where they are at . Ara theyre going through budget reconciliation process. What that does is for certain pieces of legislation that , youtly affect the budget can get a fast track onto the floor and you only need 51 votes to pass it. The real key is certain bills that directly affect the budget. If the senate that Senate Parliamentarian gets a challenge saying this provision of the bill is not about the budget, there are all kinds of things that they can do through reconciliation. Theyre all kinds of things in this proposal that we are not sure if they will pass with the Senate Parliamentarian because they are not directly about the pitch it. The budget. Senate overrule a parliamentarian and get rid of the filibuster tomorrow if you want your 51 votes this is a question of how much you will follow senate norms. By doing reconciliation, they are already breaking a big norm. Obamacare was finished in reconciliation, but it was not started in reconciliation. They have restrained the kinds of policies they could include in the bill and open themselves up to a lot of danger. Jeff which senators are going to give Mitch Mcconnell the biggest problems next week . Kelsey i think it is pretty clear that rand paul will not be voting for this bill. I am certain there will be another one, we are just not clear who it is. There is a lot of speculation that Susan Collins will not be willing to bend on this. There are a lot of problems she has with this bill, the medicaid portion, the funding planned parenthood, she is generally uncomfortable about the weight leaders went about this. I understand from talking to many people on the hill that it ares like the people working to change the minds of the people, ted cruz, ron. Ohnson, and Lisa Murkowski we will see what happens with the others. You, he will, to need ted cruz and Lisa Murkowski . We will see how the numbers work out. I want to back out on this a little bit. Listen to what Mitch Mcconnell is asking his members to support. We know what this bill will do. It is pretty clear. You will see large coverage losses, 1020,000,000. Getwill see people will much higher deductible care. Thats what people dont like about obamacare already. Higher premiums because they are getting lower subsidies. So for any of them, it is very unclear if you have been listening to republican rhetoric what problems they are solving here. , you go to the think tanks and you talk to people you get a different story. But this bill, if it was actually incremented. You would see Insurance Markets collapse. They have no way to manage the risk pulls. You will see a lot of people leaving. A lot of people not affording what they had. They take the plan you get when you get subsidies which covers 70 and bring it down to 58 . They have more than a 7,000 to dockable. Implementation of an unpopular plan. Conventionalbeen a Congressional Budget Office or. Nobody sought before yesterday. At some point they will have to look at this thing and think, do i have to be defending this in a few years. They will probably say yes, but i dont think that is for sure. Jeff premiums are collapsing already. Ezra no they are not. There are some counties and some states, like alaska, are having serious problems. That is not the median situation. Republicans were putting the cost sharing structures at risk it would be fixed. There would be very easy ways of fixing this in keeping people covered. Cap10not need to get Million People without 1020,000,000 people without coverage. This is not fixing obamacare with obamacares goals in mind. This is Something Else where you want your people covered with higher deductible. You are creating more problems than if you just left it alone. Jeff if we shouldnt be thinking of this as a repeal, the rethink of it as a retooling . Ezra this is interesting. The bill does not repeal the structure of obamacare. It does make it impossible for it to achieve its goals. The bill goes beyond obamacare and the guns to cut deep into begins to cut into the medicare program. Fight amongst conservatives about whether this is truly repeal and replace. Some think it is a way of fixing obamacare, which is a crazy way to look at this legislation area i consider this a repeal of obamacare. Obamacare is meant to achieve goals, cover people with a certain level of Health Insurance quality. This bill takes away the ability to cover people with insurance anywhere near that quality. It would become a new program that has the dynamics and has a new Mission Behind it. The bulk of these coverage gains have been under medicaid. Those would be completely wiped out. I dont mean to give Mitch Mcconnell to much backing here, but under any reasonable definition this is a distraction of the Affordable Care act and the construction of something new. But they are constructing is bounded by the reconciliation rules in their working under the confines of having to give some people Health Insurance. It is not just a small clique. Jeff which is why president obama said this is not a Health Care Bill. Ezra this bill is fundamentally a tax bill. Tax are giving a very large cut, repealing the capital gain increases in obamacare, the in the street the industry taxes in the bill. The top 400 holes we get a bash homes we get a tax cut that is massive. 400 families get a tax cut. Taking a bunch of people out of nevada, virginia, and several thousand people. Some have to paid on this huge tax cut, then you have to take Health Care Away from people. That is the only thing you can do. They do not achieve clear Health Insurance goals in this bill. Have said this bill does not fit their goals. It does fit the goal of cutting taxes. That goal is fully achieved. Do Congressional Republicans say when they say this is not a Health Care Bill . Kelsey this is something you heard more in the houston the senate. They often say conservative principles are not ensuring that health care is a right, they view it as a responsibility. They say that their main goal is to make sure that the federal government has less of a role in health care and it is delegated more to the states and individual responsibility. This is achieving those goals. Obamacare goals of obamacare cannot sit within the realm of what republicans want to do with health care. Jeff think both of you for your time. Ezra thank you. Kelsey thank you. Jeff we continue with the big news out of Silicon Valley this week. The resignation of the uber ceo. Investors in the Ridesharing Company forced his ouster during a meeting in a Chicago Hotel on tuesday. Ostranderarging created a toxic culture in the company and his own personal conduct. He will remain on the board and retain voting rights. Over 70 billion valuation makes it the biggest privately held startup in the world. Three guests join us today. Max, lets start with you. This might have been the biggest week of all. Stunning in the sense that travis had full control in every way. He had to be the one to decide to step away. It was something that was. Nthinkable jeff he had board control and then he did not. He stacked the board seats in his favor. There were billions of dollars riding on the company and they found out that it had the 11th someone other than travis. Jeff so it will he led by somebody other than Travis Kalanick. But Travis Kalanick was uber. Derek he was responsible for the revenue and the culture. The revenue came out of the culture. The relentless focus on improving the product and making sure it was as good as possible and growing, growing, growing. Him to get away with some behavior which was pretty heinous. Uber is an astonishing a competent. The Largest Private Company in the world. 68 billion in value. It may 20 billion in revenue last year. Enormousormas global colossus in how people get around all over the world. In order to get there, there was this culture growing that was toxic. It will be interesting to see what is uber like without travis . Jeff big revenue, but the company is still losing money. Max still losing money, and that is what we should be paying attention to. Everybody sees uber uber is big and impressive. It is not as firm as people think it is. Lyft is coming on fast. They had big battles in many other cities. Uber has been pouring money into the cities for years subsidizing every ride that we take while pushing riders drivers to accept less money. The fact that they are still not making money is troubling. I think they recognize the tenuous position they are in. Emailsnt out a lot of two people offering big discounts on rides. I know at least here in new york city this week, they have already sent an email out about the tipping policy which is changing. Theyre trying to turn the tide, right . Betty there are a few different mike there are a few different narratives here. The business is good and the business is growing, even if we arent profitable. Business is toof talk about what they had to start in new cities by burning venturecapital dollars and subsidizing rides to get demand up. The question is, is that demand going to continue went riders are paying the real cost of the ride after these few dollars or backing that. In the meantime, uber has Something Like 10 billion still in the bank. They keep saying, look our business is though growing. We still have enough money to be growing. We are not darth vader, you should still use our service. Jeff not just hang in there, but remove the toxicity. The question is, how long it takes for that to go away . Mike you watch the uber versus lyft Brandon Moore is playing out. People have ach sense of layins guilt about using uber. Theyre not sure why, they just heard the ceo was a bad guy. Or they hear they have a really gross culture. When the the big things now is to try to stem that time a bad aroundound her band their brand. Uber is now pending in the tip option, which many people will feel compelled to distribute. That increases the price as well. That is like a 20 price increase, give or take. I think that was smart. One of the things that uber has struggled with is that lyft was a more responsible company because drivers who drive for them appreciate the taping. Tipping was a source of huge resentment over over drivers. This was a small thing there were able to do quickly that may bes is to rebuild trust with the driver community. The thing about the drivers is, they can move around. For can start driving more either company. The flipside to not having employees is that at any point the drivers can abandon and try more hours for lyft then they are driving for uber. You also had operated encounters the whole tipping thing has been a huge point of discussion. Mike the tipping thing is really funny. Wasyears Travis Kalanick weirdader was the stopping point on tipping. They built the mechanism already, but for some philosophical region reason travis thought it added more friction into it. It was indicative of how uber treated their drivers for years. Dispensable, as a disposable labor force that they can churn through quickly and always find more supply of new people by spending more marketing dollars to get more drivers. At this point they realize there is a finite number of people who. Re willing to work and so we need to treat our drivers better and maybe will have better retention in the long run. They are starting to figure that out now. I imagine it will take a while for them to actually believe some of that. Lyft a littleut bit if you could. Mike a your burger geoeye with a said you they would have run out of money a year or two ago i would have said they would have ran out of money. But they have been gaining over some of ubers stumbles. Private equity firms have missed a certain opportunity to invest money into uber, so they started yft as a viable option. Maybe a possible acquisition target for an automaker like gm. Or maybe google decides to buy them if they feel like their network of riders is valuable enough. Uberpeople started seeing stumble, there was an lyft to move in and sees on that vulnerability. Taking market share from uber in the united states. I dont know about how bullish i ft as a ridesharing, direct competitor for uber. But they do have much more ability now than it did a year ago. Talk about the complete reimagining of the Corporate Culture of a company, that is what this is. We alluded to this earlier. One of the things that made Travis Kalanick he was very involved in very far reaches of the company. These people were being hired in his image. This is not a company where you can cut the head off the top and that it will be a new thing. We saw just yesterday with this letter that was circ