61028
Republican Bill Replaces Obamacare
Republican Bill Replaces Obamacare

Republican Bill Replaces Obamacare

Republican Bill Replaces Obamacare

House Republicans on Monday released their long-awaited bill for unraveling the health care law of former president, Barack Obama, which would scale back the government's role in helping people afford coverage and likely leave more Americans uninsured.
House committees planned to begin voting on the 123-page legislation on Wednesday, launching what could be the year's defining battle in Congress and capping seven years of Republican vows to repeal the 2010 law. Though GOP leaders expect a boost from the backing of the Trump administration, divisions remain and GOP success is not ensured, AP reported.
The plan would repeal the statute's unpopular fines on people who don't carry health insurance. It would replace income-based subsidies the law provides to help millions of Americans pay premiums with age-based tax credits that may be skimpier for people with low incomes. Those payments would phase out for higher-earning people.
The bill would continue Obama's expansion of Medicaid to additional low-earning Americans until 2020. Beginning then, states adding Medicaid recipients would no longer receive the additional federal funds the statute has provided. More significantly, Republicans would overhaul the entire federal-state Medicaid program, changing its open-ended federal financing to a limit based on enrollment and costs in each state, a move likely to cause funding cuts.
In perhaps their riskiest political gamble, the plan is expected to cover fewer than the 20 million people insured under Obama's overhaul, including many residents of states carried by President Donald Trump in November's election. Republicans said they were chiefly focused on reducing costs and increasing choice for consumers.

Short URL : https://goo.gl/hPjgKn
  1. https://goo.gl/RJgsWC
  • https://goo.gl/dtjwje
  • https://goo.gl/gmZfht
  • https://goo.gl/BT0qYG
  • https://goo.gl/XJaQMx

You can also read ...

Turkey to Introduce New Anti-Terror Laws
As Turkey’s controversial two-year-long state of emergency...
EU to Negotiate Brexit on UK’s White Paper Only
The European Union plans to negotiate Britain’s withdrawal on...
Russian Warship Carrying $130b Gold Found Off S. Korea
A South Korean salvage team has reportedly discovered the...
Tech Leaders Call for Autonomous Weapons Ban
Thousands of the world’s pre-eminent technology experts called...
Colombia President-Elect Picks Peace Pact Critic as Defense Chief
Colombia’s right-wing president-elect Ivan Duque announced a...
The head of Poland’s Supreme Court, Malgorzata Gersdorf, among her supporters (File Photo)
Poland’s ruling party will start the fast-track approval of a...
S. Africa Marks Mandela Centennial
South Africans along with former US president Barack Obama...
Trump Backs Off From Siding With Russia Over US intelligence
Blistered by bipartisan condemnation of his embrace of a...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus