Also, high-risk pools were tried before the ACA fully took effect, and didnt work particularly well, says Derksen, who is a Republican. Its hard to make insurance work when youre only covering sick people, he says. He also worries about insurers and Big Pharma having too much sway if the marketplace exchanges are eliminated. He prefers to see the exchanges modeled along the lines of Tricare, the military plan that goes out to bid among insurers. Then there’s the question of whether the GOP promise to retain the popular aspects of the ACA is doable without the various mandates to purchase or offer insurance, a point that Senator Schumer raises. Such criticisms will make it far more difficult to replace the ACA than to repeal it. Thats why House Republican majority leader Kevin McCarthy of California told reporters on Tuesday that the plan is to repeal first, then set a transition period in which the law would still be in effect while lawmakers would hash out a replacement. The replacement would have to be bipartisan if it is to get past the 60-vote threshold in the Senate thats now required for most legislation, Rep. McCarthy said. A slew of Democratic senators from red states who face reelection in 2018 may well feel pressure to compromise with the GOP on a replacement.
For the original version including any supplementary images no data or video, visit http://www.csmonitor.com/USA/Politics/2016/1129/Tom-Price-and-the-Republican-vision-for-replacing-Obamacare
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During Q4 FY16, Tyson’s net sales fell 6% to $9.16 billion from $10.51 billion, which was below analysts’ forecasts of $9.40 billion. The drop in interview skills galway revenue was attributed to a decline in beef, pork and prepared foods sales, which offset better-than-expected chicken sales. During the reported quarter, the company’s sales volume dipped 8.2%, while average sales price fell 5.1%. For FY16, Tyson reported $36.88 billion in sales compared to $41.37 billion in sales in the year ago period, while earnings totaled $4.39 per share, higher by 39% from earnings of $3.15 per share for FY15. Operating income was also a record at $2.8 billion, representing a 26% increase over adjusted operating income a year ago. The company’s FY16 operating no data cash flow was a record $2.7 billion. Segment Details During Q4 FY16, Tyson’s click here to investigate Chicken segment sales remained almost flat on a y-o-y basis to $2.81 billion. In the Chicken segment, operating income was $220 million with a 7.8% operating margin for the reported quarter. Adjusted volume was down 3.2% due to a planned temporary decrease in production, and average price was up 3.5% as the company focused on selling higher margin products.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/post-earnings-coverage-tyson-earnings-131500004.html
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