The GOP unveils the new American Health Care Act, that dismantles the core aspects of ObamaCare. The new Republican system would allow people a tax credit that would allow them to buy insurance. The credit would range anywhere between $2,000 and $4,000 a year and would increase with someone’s age. This system provides less assistance for low-income people (many of which are taking advantage of the system), but it will give more advantages to younger people and people with higher incomes. The phasing out of ObamaCare’s Medicaid expansion will affect many of the 20 million people who gained coverage in recent years.
From The Hill:
Republicans acknowledge that their plan will cover fewer people, saying unlike ObamaCare, they are not forcing people to buy coverage. They say their system is less intrusive and provides people a tax credit without mandates or a range of tax increases. House committees are expected to vote on the measures this week, with the full House voting on it soon after that. House Ways and Means Committee Chairman Kevin Brady (R-Texas) said Monday on Fox News he’s confident the bill will pass with full Republican support despite recent party infighting over the details. “We’ve been listening very carefully to our Republican members for months now to make sure we get it right,” he said. “I am confident we are going to pass this.” He noted that many of the elements of the bill have passed the House “a number of times” over the years. The measure faces a rocky path, particularly in the Senate. Four Republican senators earlier Monday objected to an earlier version of the House bill, saying that it failed to protect ObamaCare’s Medicaid expansion. But under the bill, the repeal of the Medicaid expansion would not take effect until 2020, and Republicans would grandfather in current enrollees so that they can stay on the program. But once 2020 arrives, the federal government would no longer provide the extra federal funds that allow for expansion.