Kalanick and we look at whats next for the ride sharing giants. Mike isaac, Derek Thompson and max chafkin. Uber is big but i dont think its as big as it thinks it is. Lyft is comin on. Uber has been pouring money from Venture Capitalists for years, subsidize effing riride we take while pushing its drivers to accept less and less money. The fact theyre still not making money is telling and potentially troubling. Glor we conclude with the president of princeton university, chris eisgruber. He spoke to david lean hart of the New York Times. I find our students inspiring. I find they have an extraordinary commitment to service and a strong set of Democratic Values. Do i think theyre at a time when theyre asking the question, what does it mean to act on those Democratic Values and how do we express them through the electoral system right now. So theyre brogue up at a time so theyre growing up at a time when many believe, a as o i, that Climate Change is an extraordinarily serious problem of great urgency for our planet, but theyre looking at legislators and finding them unable to react in a way that seems to address that problem. Theyre seeing deadlock in washington where we have regular arguments about whether or not we should authorize our own government to pay its debts as we go forward, theyre seeing huge amounts of polarization. One of the reasons i spoke about institutions in the way i did at the commencement address is to try to urge this generation, a very engaged and civically minded students, to have respect for those institutions even at a time when the institutions are under tremendous vees. Glor healthcare, uber and the president of princeton when we continue. And by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Glor good evening. Charlie is away. Im jeff glor of cbs news. We question again this evening with healthcare. On thursday after a month of closed door negotiations among a handful of republicans, the Senate Leadership released a draft of their version of repeal and replace. Majority leader Mitch Mcconnell is pushing for a vote next week. But the bill is running into trouble. Four republican senators announced their opposition to the bill as it stands right now yesterday and a fifth dean heller of nevada did the same today. Joining me now from washington is kelsey snell. She covers congress for the Washington Post. Also ezra klein, the editorinchief of vox. Welcome to both of you. Kelsey, the bill has had more than a day to soak in on the hill. Hows it sitting . Well, at this point, the big question is can Mitch Mcconnell get to 50 votes, thats how many he needs to make sure this pass. Theyre using budget rules to make sure they need a bare majority of 51 votes to pass this. They can call in backup from Vice President mike pence to vote one vote. That means they have 52 republicans in the senate and they can only lose two. Right now were looking at four conservatives who have said they dont support the bill in its current form but left open wiggle room so they could get to yes with a few concessions. The real question is what will happen with moderates like Susan Collins of maine and senator murkowski of alaska who havent committed one way or the other. There is a lot of question at this point. He does havent 50 but there is confidence within his circles that he will be able to get there. Glor its mckowski, collins, heller, flake. Mitch mcconnell has to do this dance with everyone. He does. The question is what are peoples bottom lines. Its important to look at the bill in context of what has been the republican divide on healthcare. Youve had the moderates saying they should do more to protect medicaid. This has deeper medicaid than the house bill over time because the house bill over time put medicaid on a growth rate connected to how fast medical costs grow. Now its just inflation, and inflation grows more slowly than medical costs. So its a deeper cut to medicaid but the cuts dont begin for longer. Youre getting more plausible political denight club but less policy concession. Le why if you said you wanted to protected medicaid that would be your bargain i dont know but well see how that comes out. The conservatives wharkst they wanted was the architecture of the Affordable Care act gone, the regulations, the underlying entitlement, the guarantees, the way the whole thing interacts with the medical system, the centrality of the government to healthcare in america postobamacare. What is interesting about the way this bill works is it retains most of the architecture of the Affordable Care act. It just takes enough money to achieve its goals. It ends up in a place where liberals doesnt like it because it gets the Affordable Care act done. The conservatives dont like it because democrats could come back and refill it with money in the future. So there is a lot of policy disagreement. If republicans just want to pass something, well, this is something. Glor can i just talk about some of the specifics of this deexpansion now . It would be pegged to not medical device Cost Increases but the cost of living increases. Yeah, to this is really, i think, quite bad. So the way the medicaid cuts work is beginning 2021 they began to phase out obamacares Medicaid Expansion, completely phased out by 2024. Beginning 2025 they put the rest of the Medicaid Program on to a slower rate of growth. Healthcare costs in this country go up fast and for a couple of reasons but one of the big ones is we keep introducing new technologies. Healthcare gets more expensive because we get bert at it. We get new drugs, surgeries, medical devices. To keep pace with what people spend in healthcare, you have to keep pace with what people spend in medicare. As my colleague jokes, because this is general cost of living you cut out the price of corn fall and that means you get a medicaid cut. Its a huge longterm cut to the program that will hurt the most Vulnerable People in america disproportionately. Glor kelsey, lets talk about what youre expecting as the weekend develops here heading into monday and this c. B. O. Score, whenever it comes out. Yeah, so we know there are pretty heavy discussions happening. The lobbying has done trying to get the four conservatives, ted cruz, mike lee, rand paul and ron johnson, trying to get those guys on board, and a separate lobbying effort for the moderates, the Lisa Murkowskis and Susan Collinses. So they do have very different needs here and their needs are sometimes at cross purposes. So the changes that the conservatives want to see, they want to see that states have more chances to opt out of giving people guaranteed benefits in insurance plans. So they want to make it to that its a lot easier for states to say heres a bare bones chopped down plan, doesnt protect against preexisting conditions, charging more for preexisting conditions. Dont charge for covering maternity at all. They say there are young, particularly Healthy People who want cheap plans and want to make those available, but that 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 shift to having less protective plans. There are changes that could be made over the weekend. There are changes that could be made next week. But a balancing act has to be done by mcconnells office to make sure they dont move too far to the right or left. The other thing that im watching very closely is what happens behind the scenes on planned parenthood. Were waiting to see if the Senate Parliamentarian who has the final say over what is in this bill will say its okay for the republicans to defund planned parenthood for one year and if its okay to have restrictions on abortion coverage. As its written right now the tax credits are restricted so that people cannot receive tax credits to buy plans that cover abortion care. Its not clear to me that that is how the bill will end up by the time it gets to the floor next week. Glor ezra, i want to talk about reconciliation for a moment. Thats another tricky part of this they have to navigate as theyre working on it. Explain to me where theyre at. So the bill is going through the budget reconciliation process created in the seventies as a way to get budgets done more quickly. What budget reconciliation does is, for certain pieces of legislation that directly affect the budgets and there are a couple of rules called the bird rules that could go under this, you can get a fast track on to votes to pass it. Only need 51 the key is certain bills that directorially affect the budget. The f the Senate Parliamentarian gets a challenge from anybody saying this provision of the bill is not about the budget and the parliamentarian agrees that budget gets stricken. There are a lot of things that are not directly about the budget. There are all kind of things in this proposal that were not sure will pass muster because theyre not directly about the budget. There are some republicans who say and you could just overrule the Senate Parliamentarian. You could change the rules and get rid of the filibuster tomorrow with 51 votes. This is a question about how youre going to follow senate norms. By doing budget reconciliation theyre already break ago big norm. Obama care was finished but not started in reconciliation, and by doing this theyve constrained the policies they can include in the bill and opened themselves up to a lot of danger. Glor from your perspective reportingwise, which senators will give Mitch Mcconnell the biggest problems next week . Well, i think it is pretty clear that rand paul is gone. He will not be voting for this bill. I am certain there will be another one, were just not clear who it is. There is speculation that Susan Collins is not going to be willing to bend on this. There are a lot of problems she has with this bill. Shes uncomfortable with the medicaid portions, with stripping funding for planned parenthood, and shes generally uncomfortable about the way leaders went about this. I understand from talking to many people on the hill that it looks like the people theyre working most closely with or working to change the minds of the people would be ted cruz, senator ron johnson and probably lisa murkowski. Well see what happens with the others. To you on that point i was going to mention, so hes going to need crews, hes going to need herkowski, you think. Its easy to get deep in the weeds on this and well see how the numbers work out. I want to back out on this a bit. Listen to what Mitch Mcconnell is asking his members to support at the moment. We know what this bill will do. Its clear. You can see very large coverage losses, 10 million to 10 million. We dont know the cpo score but thats my guess. You will see the people left will get much higher deductible care. This bill moves people into plans with much higher deductibles, much more copays and many cases higher premiums because theyre getting lower subsidies. So for collins and murkowski, any of them, it is clear if you have been listening to republican rhetoric on obamacare care as i have what problems theyre solving here. I can tell you with my secret washington decoder ring on, you go to think tanks and talk to people you get a different story, fair enough, but if this bill was implemented you would see Insurance Companies collapse. They have no way to manage risk pools, a lot of people not being able to afford what they have. They take obamacare cares benchmark which is the plan when you get subsidies covering 70 of most peoples costs, down to 58 , with a 700 deductible. Youre seeing what people see before they have been told what it will do. Just got it yesterday. Nobody saw it before yesterday. At someponent, they offwill to look at this thick and think, do i want to be defending this in a couple of years. Probably they will say yes but i dont think its 100 sure. Glor the charges are cop lapsing and the premiums are already going up. This is really interesting. No, theyre not. There are counties in the country and some states like alaska that are having very Serious Problems but that is not the median situation. You have places where you do need to fix and it will be fixed quite a bit if republicans werent putting the cost sharing structures in the bill at risk. This would not be a hard bill to fix and there would be easy ways if you wanted to keep people covered of doing it. You do not need in order to buttress some Insurance Markets to get 10 million to 20 Million People without coverage. You do not need to push people into lower deductible plans. This is not fixing obamacare with obamacares goals in mind. This is doing something elsewhere you want fewer people covered and in higher deductible care. You are creating more problems than people have with obamacare than if you left the law alone. Glor if we shouldnt be thinking of this as a rei peel, do we think of it as a retooling . Yeah, its interesting. Its a big semantic fight in the bill. The bill does not repeal the structure of obamacare but it makes it impossible for it to achieve its goals. The bill also goes beyond just Obamacare Repeal and cuts deep into the Medicaid Program that preexisted obamacare. So theres a fight among conservatives about whether or not this is truly repeal and replace. Some conservatives say, no, a reformation of obamacare, some say its a way to fix obamacare which is crazy legislation. I consider this as repeal of obamacare. Obamacare is meant to cover people with a certain level of Health Insurance quality. This bill takes away its ability to cover people with insurance anywhere near that quality. It would be a new program with new darchtion and a new vision. The obamacare, the bulk of gains have been under medicaid and those would be completely wiped out. I dont mean to give Mitch Mcconnell too much backing but i think this is a destruction of the Affordable Care act and a construction of something new in its place. What they are constructing is bounded by the reconciliation rules and theyre working within the confines of having to keep giving people Health Insurance, so youre not going fully back to the worked of obamacare but this is not just some small week. Glor this is not a ll is theyre giving a verysa large tax cut. Theyre repealing the Capital Gains tax increases in obamacare. The industry increases in obamacare, the top 400 households families in america would get a tax cut that is larger than the cost of keeping the Medicaid Expansion in four states that are covering 730,000 people. So 400 families, youre giving them a tax cut at the cost of taking the Medicaid Expansion out of nevada, virginia, a couple im forgetting, but 730,000 people. Everything in the bill is driven by that. If you have to pay downthis multimilliondollar tax cut, you have to take away healthcare from people. Fundamentally, they do not achieve very clear Health Insurance goals in this bill. Republicans have been saying for years this bill does not fit their goals but they cut taxes. It really fits that goal and that goal is fully achieved within it. Glor what do Congressional Republicans say when someone tells them this is not a healthcare bill . They would argue, this is something you heard more in the house than the senate to be sure, but they often say conservative principles are not about ensuring healthcare is a right, they view it as a responsibility, and they are you know, they say their main goal is to make sure that the federal government has a smaller role in healthcare and that it is delegated more to the states and more to individual responsibility. So, to their mind, this is achieving those goals. The goals of obamacare do not fit within the realm of what republicans say they want to be doing with healthcare. Glor kelsey snell of the Washington Post and ezra klein of vox media, we thank both of you for your time. Thank you. Glor we dont with the big news out of Silicon Valley this week. The resignation of ubers c. E. O. Travis kalanick. After months of internal turmoil, investors from the Ride Sharing Company forced kennellics departure in a contention meeting in a hotel tuesday. He had come under fire for creating a toxic culture many felt within the company and his own personal conduct. Kalanick will remain on the board and retain Voting Rights though this remains to be seen. Mike isaac of the New York Times. From washington Derek Thompson of the atlantic and here in new york max chafkin of bergs of bloomberg businessweek. Pleased to have them all here. Max, this may have been the biggest news week of all. This is pretty stunning in sense that Travis Kalanick had full control of the company in almost every way. He was c