The Independent Journal Review has reported that the GOP Obamacare replacement bill has been finally revealed by The House Energy and Commerce Committee to the public this past Monday night.
The entire 123-page bill is currently posted online and much easier to read through than the 20,000 page unpopular Obamacare bill. The bill repeals the majority of the Obamacare bill and is said to be easier on small businesses.
CNBC reports some of the many highlights of the proposed bill:
The bill calls for issuing a refundable, advanceable tax credit to customers of individual health plans with the value of that credit tied to age and income. Tax credits would begin at $2,000 for people in their 20s, and gradually increase to $4,000 for people over age 60.
The bill also would repeal the authority of states to expand their Medicaid programs to nearly all adults by 2020.
The GOP proposal also would repeal the Affordable Care Act’s taxes beginning in 2018, and would bar funding from going to Planned Parenthood. It also would double the current allowable contribution levels for Health Savings Accounts.
Additional highlights of the bill include that insurance companies cannot deny coverage to patients with pre-exiting conditions and also, like Obamacare, allows adults under the age of 26 to continue to be covered under their parents’ plans.
The bill, if it gets passed the House, will likely face problems in the Senate, as four Senate republicans have stated their displeasure with the bill. All four of the senators represent states that have expanded Medicaid under Obamacare.