Government Healthcare Policy, Business and Technology

House Republicans release long-awaited plan to replace Obamacare

The Washington Post: House Republicans on Monday released long-anticipated legislation to supplant the Affordable Care Act with a more conservative vision for the nation’s health care system, replacing federal insurance subsidies with a new form of individual tax credits and grants to help states shape their own policies.

Under bills drafted by two House committees, the GOP would no longer penalize Americans for failing to have health insurance and would begin winding down the ACA’s expansion of Medicaid three years from now.

The legislation would preserve two of the most popular features of the 2010 health-care law, letting young adults stay on their parents’ health plans until age 26 and forbidding insurers to deny coverage or charge more to people with pre-existing medical problems. It would, however, allow insurers to impose a surcharge on such people if they have had a gap in coverage.

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