House Republicans Release Bill Replacing ObamaCare

House Republicans have released their bill to replace Obamacare.  Highlights include:

  • Tax credit ranging from $2,000-$4,000 per based on a person’s age.
  • Phases out Medicaid expansion after year 2020.
  • Removes the individual and employer mandates to purchase coverage.
  • Preserves the protections for people with pre-existing conditions, but allows insurers to charge people 30% higher premiums if they allow themselves to have a gap in coverage.
  • Maximum contribution into HSA increased to amount of deductible-and-out-of pocket limit.
  • Allows both spouses to make catch-up contributions to the same health savings account.
  • Repeals certain consumer taxes.
  • Repeals medical device excise tax. Read the details here & here.

Watch Rand Paul’s assessment the of the bill:

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