Monday, March 6, 2017
Here we go: House Republicans reveal draft of ObamaCare replacement
At Hot Air by Allahpundit
The “secret bill” is secret no more. Meet the “American Healthcare Act,” which will indeed use tax credits to help people pay for their new insurance.
The tax credits proposed by Republicans would be age-based, not income-based as they are under Obamacare. But in the bill released Monday, they would be reduced for individuals earning more than $75,000 and for households earning more than $150,000. Individuals earning more than $215,000 couldn’t receive any of the tax credits.
The bill would end Obamacare’s Medicaid expansion, but expansion states would continue to receive extra federal funding until 2020. During that period, anyone eligible in an expansion state could sign up for Medicaid.
After Jan. 1, 2020, people who are receiving coverage through the expansion will still get it. However, at that time Medicaid would turn into a per-capita system in which federal spending would be allocated based on how many people are signed up as opposed to the traditional fee-for-service model.