Source: Joe Raedle / Getty
After keeping their replacement for the Affordable Care Act secret, House Republicans publicly released the bill on Monday (March 6th), two days before they plan to start voting on it. According to CNN Money,
The legislation gets rid of the controversial individual mandate, which requires everyone to either have health insurance or pay a fine, however it says instead that people who lack coverage for two months or more in the year before they want to buy insurance will pay 30 percent higher premiums for a year. The bill also gives out tax credits to help buy insurance based on age for people making less than $75,000 a year, as opposed to the income-based subsidies under Obamacare. The legislation does keep the ACA’s requirements that people with pre-existing conditions can get insurance and that young adults can stay on their parents’ insurance up to age 26. However, it repeals most of the taxes that are part of Obamacare. The 31 states that expanded Medicaid access under Obamacare will be allowed to continue to enroll new people, but only until 2020. The other states will get $2 billion. What isn’t revealed is how many people will have coverage, including if and how many people will lose coverage, and how the plan is paid for.
If you have Obamacare, you’re doomed. SMH 🤦🏿♂️
