The chairman of the Senate Finance Committee and the top Democrat on the panel announced on Tuesday night that they had reached agreement on a plan to prevent the imminent exhaustion of federal funds for the Children’s Health Insurance Program.

Three years after the Affordable Care Act’s coverage expansion took effect, the number of Americans without health insurance fell to 28.1 million in 2016, down from 29 million in 2015, according to a federal report released Tuesday.

Bill Frist is senior fellow at the Bipartisan Policy Center and former Republican Senate majority leader from Tennessee. Andy Slavitt is former acting administrator of the Centers for Medicare and Medicaid Services in the Obama administration and senior adviser at the Bipartisan Policy Center. They co-chair the center’s Future of Health Care Initiative.

Two Republican senators are launching yet another attempt at repealing Obamacare, preparing to offer legislation that would try to bridge one of the key dividing elements of an effort that has twice failed to pass the senate, according to a section-by-section analysis obtained by NBC News.

The California State Assembly on Monday overwhelmingly approved Senate Bill 17, controversial legislation that could soon become the nation’s most comprehensive law aimed at shining a light on prescription drug prices.

The announcement comes as single-payer health care is gaining as a force within the Democratic Party, and Sanders’s formal announcement will move the issue further into the spotlight.