The new Senate health care bill — and the return of preexisting conditions — explained

Senate Republicans introduced a revised version of their bill to repeal and replace the Affordable Care Act on Thursday, one that would allow insurers to once again deny coverage based on preexisting conditions, and to charge higher rates to sick people. The bill would keep most of the Affordable Care Act’s tax increases but repeal one aimed specifically at medical device manufacturers. It would deeply cut the Medicaid program, making few changes to the bill’s first draft. Even with these new changes, the general structure of the bill stays the same from…

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Explained: Most favoured Nation status

What is Most Favoured Nation status? According to the MFN principle of the WTO’s General Agreement on Tariffs and Trade (GATT) — to which India is a signatory/contracting party — each of the WTO member countries should “treat all the other members equally as ‘most-favoured’ trading partners.” The WTO says, “Grant someone a special favour (such as a lower customs duty rate) and you have to do the same for all other WTO members.” Hence, though MFN sounds like special treatment, in effect it means non-discrimination. Have Pakistan and India…

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