House Republicans Unveil Their Obamacare Replacement Plan

House Republicans have released a bill detailing their plan to unravel Obamacare

The proposal would keep some popular provisions of the existing Affordable Care Act including, protecting people with pre-existing conditions.

The bill also proposes limiting federal funding for Medicaid, which Heberlig said could result in people losing their insurance, and some votes against the bill, even from Republicans. Individuals who do not demonstrate continuous coverage will be slapped with a 30 percent penalty.

What little is known about the repeal and replacement of Obamacare is a plan that Republicans have touted for years, and it won't achieve what Obama's plan did, which is provide health care insurance for 20 million people who were without coverage. It will next be reviewed by two House committees.

The bill, named the American Healthcare Act, was introduced by the House Committees of Ways and Means and Energy and Commerce. That finally came about today as the House pushed out their new bill. Speaker of the House Paul Ryan says the American Health Care Act will help drive down costs, encourage competition, and expand access to care. This year, the federal government is sending IL an estimated $14.1 billion for its share of the program. Instead, each state would receive a limited amount based on its enrollment and costs.

Republicans said they don't have official estimates on those figures yet.

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A Republican senator from West Virginia is insisting that Medicaid expansion be preserved in the GOP's Obamacare replacement proposal. Sen.

It is too early to assess political reaction to the GOP plan, which was just released at 6 p.m. on Monday. It will also dismantle the Obamacare taxes, which Republicans say increase premium costs and limited options for patients and health care providers - including taxes on prescription drugs, over-the-counter medications, health-insurance premiums and medical devices.

Here's a look at some of the major components: PRIVATE HEALTH INSURANCE- Provides tax credits for people purchasing their own health insurance. The payments would phase out for higher-earning people. Republicans condemn it as a government overreach, and Trump has called it a "disaster".

The tax credits would range from $2,000 to $14,000 a year.

New Jersey and the other states that expanded Medicaid under the Affordable Care Act would have to check the eligibility of beneficiaries every six months. That would include purchasing "catastrophic" plans which offer limited coverage.

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