Government Healthcare Policy, Business and Technology

House Republicans Unveil Plan to Replace Health Law

The New York Times: WASHINGTON — House Republicans unveiled their long-awaited plan to repeal and replace the Affordable Care Act, scrapping the mandate that nearly all Americans have health insurance and replacing it with a system of tax credits aimed at enticing Americans to purchase health care on the open market.

The bill’s unveiling set the stage for a bitter and consequential debate over the possible dismantling of the most significant health care law in a half-century. Republicans hope to undo major parts of President Barack Obama’s signature domestic achievement, including income-based tax credits that help millions of Americans afford insurance, taxes on people with high incomes and the penalty for people who do not buy health coverage.

Under the Republican plan, the income-based tax credits would be replaced with credits that would rise with age. In a late change, the plan was also expected to include language limiting who is eligible for the tax credits, so that affluent Americans would not receive them.

Read article