Monday evening, the House GOP released their Obamacare replacement plan. They’ve called it the ‘American Healthcare Act.‘ The job of repealing the nightmarish Affordable Care Act, and finding a replacement that will offer a smooth transition to something less cumbersome and more effective is a daunting task.
The introduction to the bill offers the following:
Obamacare was based on a one-size-fits-all approach that put bureaucrats in Washington in charge of your health care.
The law led to higher costs, fewer choices, and less access to the care people need.
What we’re proposing will deliver the control and choice individuals and families need to access health care that’s right for them.
It sounds great, but how will that be accomplished?
The bill begins by eliminating Obamacare’s taxes and the individual and employer mandates.
Our plan delivers relief from all of Obamacare’s taxes, including dismantling taxes on prescription drugs, over-the-counter medications, health-insurance premiums, and medical devices.
And we immediately eliminate the individual and employer mandate penalties, which forced millions of people into Obamacare plans they don’t want and cannot afford.
Further, the act is intended to address the affordability of health insurance by offering monthly tax credits to low and middle income individuals and families, instead of Obamacare’s “flawed” subsidies. The act will also expand the use of Health Savings Accounts by doubling the amount that can be contributed, which allows for individual flexibility in health care spending.
Obamacare’s subsidies must be repealed. They are deeply flawed and leave millions of middle-class individuals and families without any help to pay for health care.
Just as President Trump called for, we will replace Obamacare’s subsidies with a tax credit that helps Americans—including those Obamacare left behind—access health care options that are tailored to their needs.
Some of the more desired provisions from Obamacare, which include allowing children to stay on their parent’s plan until the age of twenty-six, and the protection for individuals with pre-existing conditions from being denied coverage or price-gouging, are also included:
Americans should never be denied coverage or charged more because of a pre-existing condition.
We preserve vital patient protections, such as (1) prohibiting health insurers from denying coverage to patients based on pre-existing conditions, and (2) lifting lifetime caps on medical care.
And we allow dependents to continue staying on their parents’ plan until they are 26.
Republicans are also assuring Americans who have benefited by receiving coverage through Obamacare that they won’t lose it because of the new legislation.
We are working to give all Americans peace of mind about their health care. We will have a stable transition toward a system that empowers patients with more choices and lower costs.
During the transition, Americans will continue to have access to their existing health care options.
We even take steps to immediately provide more flexibility and choice for the people who purchase insurance through the individual marketplace. For example, individuals and families will be able to use their existing subsidy to purchase insurance—including the catastrophic coverage that’s currently prohibited—off of the exchanges.
From here the bill moves to committees for markups on Wednesday, so that “Members can consider the policies, offer amendments, and vote on a final product.”
The Committees will mark up their respective parts of the legislation this week and send it to the Budget Committee, where they will compile the final reconciliation package for the full House to consider.
This was a promised that Donald J. Trump and members of Congress campaigned on during the election season. More details and fervent criticism are sure to emerge. Stay tuned…