Rand Paul, you can put away your copier now: The Obamacare replacement bill was revealed on Monday, and it’s going to make Obama supporters furious.
According to The Hill, House Republicans unveiled the Obamacare replacement, two bills collectively dubbed the American Health Care Act. The bills would repeal some of the most onerous elements of the former president’s health care program — namely, the individual mandate, Medicaid expansion, taxes and subsidies for individuals to purchase insurance.
The Daily Caller reported that an age-based tax credit would replace the individual mandate and subsidies for those who don’t receive insurance through work. The credit would range from $2,000 for those under 30 to $4,000 for those over 60.
If there is any money left over from the tax credit, it would roll over into a Health Savings Account. The “credits are additive for a family and capped at $14,000.”
The bills would also eliminate funding for Planned Parenthood, giving funds instead to a Community Health Center Fund to cover women’s health needs.
The bill ends Medicaid expansion by 2020, instead giving individual states more leeway to craft their own programs. The legislation calls for a $100 billion Patient and State Stability Fund, which would be disbursed over a decade to help with the transition.
The so-called “Cadillac tax” on employer plans that exceed $10,200 in premiums for individuals and $27,500 for families would be reinstated after 10 years. While not the most conservative item in the bills, it was necessary to pass the bill under budget reconciliation rules (which means the Democrats would not be able to filibuster).
Protections for pre-existing conditions were included in the replacement. To mitigate costs, the new legislation would allow insurers to add as much as a 30 percent surcharge to premiums for individuals who have experienced a gap in coverage.
While the release of the plan marked only the official beginning of the legislative debate, it might at least mark the end of Kentucky Sen. Rand Paul’s high-profile attempts to get a copy of the House GOP bill while it was in the works. The libertarian senator made quite a show last week of trying to track down the bill in the House, with a copier machine at hand (theatrics that didn’t endear him to his lower house colleagues).
In a statement, House Speaker Paul Ryan said the bills would “give every American access to quality, affordable health insurance.
“Working together, this unified Republican government will deliver relief and peace of mind to the millions of Americans suffering under Obamacare,” Ryan said. “This will proceed through a transparent process of regular order in full view of the public.”
“We’ve been listening very carefully to our Republican members for months now to make sure we get it right,” House Ways and Means Committee Chairman Rep. Kevin Brady, a Texas Republican, said Monday. “I am confident we are going to pass this.”
Oh, Obamacare. We hardly knew ye. That’s mostly because we couldn’t afford your premiums. Don’t let the door kick you in the individual mandate on the way out.
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