The wait is over! Here is what the Republicans have come up with. Individual mandate and employer mandate would be over, Medicaid expansion phased out, tax credits of $2,000 to $4,000 for people who buy insurance, withholding funds from groups that provide abortions, just to name a few. Do you like it?
Republicans in the U.S. House of Representatives unveiled legislation on Monday to repeal the central tenets of the Obamacare healthcare law, including its expansion of the Medicaid program for the poor and a cap on federal funding for Medicaid going forward.
Congressional Republicans and President Donald Trump have repeatedly promised to repeal and replace former Democratic President Barack Obama’s signature domestic policy achievement known as the 2010 Affordable Care Act.
House Republicans didn’t release a score for how much the repeal would cost – or how many Americans would lose health care coverage under the changes.
The 66-page document is the prelude to an all-out battle over Obamacare with the Democrats.
House Republicans are calling their bill The American Health Care Act.
Trump made repeal and replace of his predecessor’s signature plan a central point of his campaign, branding it a disaster.
House Ways and Means Committee Chairman Kevin Brady, R-Texas, told Fox News’ ‘Special Report with Bret Baier’: ‘We begin by repealing the awful taxes, the mandate penalties and the subsidies in ObamaCare.’
When asked about concerns that GOP leaders are just pushing ‘ObamaCare Lite’, he added: ‘It is ObamaCare gone.’
Central to the plan are new tax credits ranging from $2,000 to $4,000 that Americans could claim to pay for health insurance.
The repeal would effectively abolish Obamacare’s individual mandate and a mandate that employers of certain businesses offer health care coverage for their employees.
The new penalties for individuals who don’t get health coverage would drop to zero, as would the penalty on employees who don’t offer it. The reason for affecting the change that way is that pushing legislative changes repealing Obamacare would have to clear a 60-vote threshold in the Senate. Republicans instead are opting to jam through tax and spending changes through a bill that can pass on a simple majority under budget rules.
The bill unveiled by the House Ways and Means committee also would slash away at provisions of the original Obamacare bill that paid for the program, which relied on a combination of fees, individual tax payments, and savings from Medicare to fund a system that set up new state and federal health exchanges where people could buy insurance.