Republicans release long-awaited Obamacare replacement bill

Monday afternoon, House Republicans finally unveiled their complete proposal to repeal and replace ObamaCare, called the American Health Care Act.

Instead of forcing people to purchase coverage, the plan lays out a plan to give tax credits ranging from $2,000 to $14,000 annually, to help low- and middle-income families buy health insurance who don’t receive insurance through work or a government program.

The tax credits reportedly will increase based on a person’s age and size of family, and are intended to make up for the plan to phase out ObamaCare’s Medicaid expansion.

The proposal pledges to return control of health care back to the states and restore the free market so Americans can choose health insurance that is tailored to their individual needs.

Opponents are already calling it “ObamaCare Lite,” but Republicans say it is “less intrusive” and provides the tax credit without mandates.

Full details, and ability to download the entire 66-page bill are available at the readthebill website.

President Trump has repeatedly promised to “repeal and replace Obamacare,” both throughout his campaign, and after his inauguration.

 

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