House Republicans uncovered the highly-anticipated plan to repeal and replace Obamacare Monday.
The plan has dropped Obamacare’s subsidies to help individuals purchase insurance, its taxes, the expansion of Medicaid, and the mandate for individuals to purchase protection.
The new framework focuses on a tax credit which increases with age to help individuals purchase and bear the cost of insurance.
This is viewed as advantageous for younger Americans and those with slightly higher incomes, while less beneficial for lower-income individuals, reports The Hill.
Conservative groups were quick to pounce on the initiative Tuesday, saying it doesn’t fulfill the GOP’s guarantee of completely repealing Obamacare, with some labeling it “Obamacare-Lite” or “Obamacare 2.0.”
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