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.”
"BUILD THE WALL" bumper stickers now on sale. (BUY NOW)
If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).
To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.
Sign up to get breaking news alerts from Dennis Michael Lynch.
POLL: Do You Think the New Travel Ban Goes Far Enough?