24 senators co-sponsor bipartisan ObamaCare deal

The bipartisan deal to stabilize ObamaCare’s markets has 24 co-sponsors, Senate Health Committee Chairman Lamar AlexanderAndrew (Lamar) Lamar AlexanderOvernight Finance: Trump says shutdown 'could happen' | Ryan, conservatives inch closer to spending deal | Senate approves motion to go to tax conference | Ryan promises 'entitlement reform' in 2018 Senate approves motion to go to tax conference House conservatives, Ryan inch closer toward spending deal MORE (R-Tenn.) announced Thursday.

Twelve Republicans and 12 Democrats signed on to the bill, which would continue ObamaCare's insurer subsidies for two years and give states more flexibility to waive ObamaCare rules. 

"This is a first step. Improve it and pass it sooner rather than later," Alexander said on the Senate floor.  

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Trump announced last week he was canceling the payments, arguing the previous administration lacked the authority to make them.

But Democrats, and some Republicans, including Alexander, have pushed for Congress to temporarily fund the payments as a way to stabilize the ObamaCare markets. 

If they don't, Alexander said, "there will be chaos in this country and millions of Americans will be hurt." 

The nonpartisan Congressional Budget Office said canceling the insurer payments could lead to premium increases through 2020. 

Republicans likely wouldn't put the bill on the floor of the Senate without the expressed approval from President Trump, who has sent mixed messages.

He has repeatedly referred to the insurer payments as a "bailout," which has been echoed by some conservative Republicans in Congress.  

Responding to that criticism Thursday, Alexander said he was open to adding any language the White House might have to strengthen a provision already in the bill to ensure that insurers can’t keep the payments for themselves, but rather have to pass savings on to consumers in the form of rebates or another mechanism.   

Alexander said he predicts the bill will pass by the end of the year. Some have suggested it could be attached to the end of year spending deal.

But the proposal might face an uphill battle in the House.

It received a cold reception from Speaker Paul RyanPaul Davis RyanMcConnell names Senate GOP tax conferees House Republican: 'I worry about both sides' of the aisle on DACA Overnight Health Care: 3.6M signed up for ObamaCare in first month | Ryan pledges 'entitlement reform' next year | Dems push for more money to fight opioids MORE (R-Wis.), who said the Senate should instead focus on repealing ObamaCare.  

But Alexander noted that the repeal bill passed by the House earlier in the year funded the insurer payments, known as cost-sharing reductions, for two years.

"Every Republican in the House of Representatives who voted to repeal and replace ObamaCare this year voted for a provision that continued the cost-sharing payments for two years. Our bill does the same thing," he said. 

In a concession to Republicans, the bill would also grant states more flexibility to waive ObamaCare rules and allow the sale of less comprehensive, cheaper “copper” plans.

But some conservatives have said this isn't enough. 

For those pushing for more conservative changes, Alexander said, "you can't get most of those changes without 60 votes in the United States Senate."

"We are certain that it can be improved, but I do not believe that Congress will want to deal with a problem that will hurt millions of Americans if we allow it to continue." 

The Republican co-sponsors include Sens. Mike RoundsMarion (Mike) Michael RoundsTrump should fill CFPB vacancy with Export-Import chief Tax bill could fuel push for Medicare, Social Security cuts Senate passes tax overhaul, securing major GOP victory MORE (R-S.D.), Lindsey GrahamLindsey Olin GrahamGOP and Dems bitterly divided by immigration We are running out of time to protect Dreamers US trade deficit rises on record imports from China MORE (R-S.C.), John McCainJohn Sidney McCainGOP strategist donates to Alabama Democrat Meghan McCain knocks Bannon: 'Who the hell are you' to criticize Romney? Dems demand Tillerson end State hiring freeze, consult with Congress MORE (R-Ariz.), Bill CassidyWilliam (Bill) Morgan CassidyTax bill could fuel push for Medicare, Social Security cuts Collins to vote for GOP tax plan Overnight Tech: Lawmakers want answers on Uber breach | Justices divided in patent case | Tech makes plea for net neutrality on Cyber Monday MORE (R-La.), Susan CollinsSusan Margaret CollinsOvernight Health Care: 3.6M signed up for ObamaCare in first month | Ryan pledges 'entitlement reform' next year | Dems push for more money to fight opioids Study: ObamaCare bills backed by Collins would lower premiums Right scrambles GOP budget strategy MORE (R-Maine), Joni ErnstJoni Kay ErnstThanks to the farm lobby, the US is stuck with a broken ethanol policy US trade deficit rises on record imports from China Flake, GOP senators to meet with Trump on trade MORE (R-Iowa), Lisa MurkowskiLisa Ann MurkowskiMcConnell names Senate GOP tax conferees Week ahead: Trump expected to shrink two national monuments GOP on verge of opening Arctic refuge to drilling MORE (R-Alaska), Charles GrassleyCharles (Chuck) Ernest GrassleyGrassley blasts Democrats over unwillingness to probe Clinton GOP and Dems bitterly divided by immigration Thanks to the farm lobby, the US is stuck with a broken ethanol policy MORE (R-Iowa), Johnny IsaksonJohn (Johnny) Hardy IsaksonSenate ethics panel wants details on sexual harassment allegations Senate leaders push tax debate into Friday Senate Ethics Committee opens 'preliminary inquiry' into Franken allegations MORE (R-Georgia), Richard BurrRichard Mauze BurrSessions argued presidents can obstruct justice in Clinton impeachment trial Trump Jr. to meet with Senate panel amid Russia probe Trump’s Russian winter grows colder with Flynn plea deal MORE (R-N.C.), and Bob CorkerRobert (Bob) Phillips CorkerFormer Dem Tenn. gov to launch Senate bid: report McConnell 'almost certain' GOP will pass tax reform Former New Mexico gov: Trump's foreign policy is getting 'criticized by everybody' MORE (R-Tenn.). 

The  Democratic co-sponsors include Sens. Jeanne ShaheenCynthia (Jeanne) Jeanne ShaheenDems demand Tillerson end State hiring freeze, consult with Congress The Hill Interview: GOP chairman says ‘red flags’ surround Russian cyber firm Schumer celebrates New York Giants firing head coach: ‘About time’ MORE (D-N.H.), Joe DonnellyJoseph (Joe) Simon DonnellyTrump rips Dems a day ahead of key White House meeting The Hill's 12:30 Report Avalanche of Democratic senators say Franken should resign MORE (D-Ind.), Amy KlobucharAmy Jean KlobucharFranken resignation could upend Minnesota races Avalanche of Democratic senators say Franken should resign Trump-free Kennedy Center Honors avoids politics MORE (D-Minn.), Heidi HeitkampMary (Heidi) Kathryn HeitkampThe Hill's 12:30 Report Avalanche of Democratic senators say Franken should resign Senate panel moves forward with bill to roll back Dodd-Frank MORE (D-N.D.), Al FrankenAlan (Al) Stuart FrankenDemocrats turn on Al Franken Schumer called, met with Franken and told him to resign Overnight Finance: Trump says shutdown 'could happen' | Ryan, conservatives inch closer to spending deal | Senate approves motion to go to tax conference | Ryan promises 'entitlement reform' in 2018 MORE (D-Minn.), Joe ManchinJoseph (Joe) ManchinTrump rips Dems a day ahead of key White House meeting Senate panel moves forward with bill to roll back Dodd-Frank Wealthy outsiders threaten to shake up GOP Senate primaries MORE (D-W.Va.), Tom CarperThomas (Tom) Richard CarperAvalanche of Democratic senators say Franken should resign Overnight Cybersecurity: Mueller probe cost .7M in early months | Senate confirms Homeland Security nominee | Consumer agency limits data collection | Arrest in Andromeda botnet investigation Senate panel moves forward with bill to roll back Dodd-Frank MORE (D-Del.), Tammy BaldwinTammy Suzanne BaldwinDemocrats turn on Al Franken The Hill's 12:30 Report Avalanche of Democratic senators say Franken should resign MORE (D-Wis.), Claire McCaskillClaire Conner McCaskillDemocrats turn on Al Franken Trump rips Dems a day ahead of key White House meeting The Hill's 12:30 Report MORE (D-Mo.), and Maggie HassanMargaret (Maggie) HassanDemocrats turn on Al Franken The Hill's 12:30 Report Avalanche of Democratic senators say Franken should resign MORE (D-N.H.). 

Sen. Angus KingAngus Stanley KingTrump rips Dems a day ahead of key White House meeting Trump pushing Maine gov to run for Senate: report Schumer: Franken should resign MORE (I-Maine) is also a co-sponsor.

Updated at 2:15 p.m.