House Republicans Unveil ACA Replacement Plan, Eliminating Obamacare's Taxes and Mandates

08 March, 2017, 00:32 | Author: Ora Austin
  • Week ahead House prepares to mark up Obama Care bill

That has led to charges among conservatives that the bill would be almost as disruptive to the fee market as the law it is replacing, and concern among experts that it could send insurance premiums skyrocketing, with only small tax credits to defray the cost for consumers seeking policies.

Heritage Action, a sister group of the conservative think tank the Heritage Foundation, echoed Paul, writing in a statement that Americans will notice "no significant difference" between this bill and the Affordable Care act.

The new bill, which is called the American Health Care Act, would do away with health insurance mandates and create a system of tax credits to encourage Americans to purchase insurance.

It's too soon to tell how much the plan will cost or if people now covered will retain their coverage, and at what cost.

Republicans in the U.S. House of Representatives released a plan yesterday to replace Obamacare that could drastically reduce the credits low-income Alabamians receive to offset the costs of insurance.

Polls have shown most Americans want to maintain Medicaid's expansion.

"No bill is flawless", Black said, "but I'm proud of the fact that, working hand in hand with the Trump administration, we have secured key conservative victories that dismantle Obamacare's mandates and taxes and put healthcare decisions back in the hands of patients - where they belong".

GN Saibaba, 5 others convicted under UAPA Act over Maoist links
He was arrested in 2014 and accused of being a member of the banned Communist Party of India (Maoist), but denied any involvement. It has been proven by the court that he was in touch with the Maoists hiding in jungles and used to work for them from the city.

However, the Republicans might face a bigger problem with the looming costs of the overhaul of the ACA that went on for nearly seven years. The House Republican bill would also roll back the expansion of Medicaid that has provided coverage to more than 10 million people in 31 states, reducing federal payments for many new beneficiaries. Senator Rand Paul called the plan "Obamacare Lite", while four other Republican senators including Rob Portman (Ohio), Shelley Moore Capito (W.Va.), Cory Gardner (Colo.) and Lisa Murkowski (Alaska) voiced their concerns about leaving millions of people uninsured.

Jordan said he would introduce a bill similar to the bill that was passed by Congress in 2015 to repeal the ACA. "Conservatives are not going to take it".

Sen. Chuck Schumer, a Democrat of NY, said in a statement the new plan would force "millions of Americans to pay more for less care and is a giveaway to the wealthy and insurance companies at the expense of American families". If three GOP senators oppose replacement legislation, and the Democrats vote in a bloc to oppose it as well, the bill would die. However, people with lower income will have less financial help for their healthcare. Those with high income - like millionaires - can also receive government assistance.

They also said Vice President Mike Pence told them the administration was "still open to negotiation and modification" of the existing framework, which powerful GOP committee chairmen unveiled late Monday. The Republican proposal would repeal that penalty immediately.

The aim of the new Trumpcare bill is to repeal and replace Obamacare. Democratic Sen. Chris Murphy of CT tweeted the GOP bill is "just a skeletal, slapdash, mean-spirited version of the ACA that would slash insurance coverage, spike costs". Hopefully, the House Republicans already have the "amendments" in place to make Trumpcare work if it will repeal and replace Obamacare.

Are you confident that the ACA can be replaced with something better? "And until we get that answer, we've got to hold out judgment".

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