House Republicans unveil Obamacare replacement plan

House Republicans have released the text of their long-awaited ObamaCare replacement bill, the American Health Care Act, which will be debated following repeal. That is precisely what the health care takeover’s authors intended. Approximately 45 percent did not realize that the ACA would be repealed.

Obviously, no repeal has occurred, and in a recent interview, the president stated that the process will start this month, although he has also hinted it may carry over in 2018’s agenda. The employer and individual mandates are out as well. To allow states to help those with pre-existing conditions who would be sure to face higher premiums under this plan, the Republican proposal would set aside $100 billion over 10 years that states could use to subsidize those high-risk, high-cost patients.

For now the tax credit remains in the House GOP plan, but House Republicans are considering a change that would deny the credit to the wealthiest Americans, according to Politico. Under the House Leadership Proposal, the credits would be age-adjusted, advanceable and refundable, a considerable step away from the means-adjusted credits supplied under Obamacare. Snyder is very aware of the challenges facing the health care law as a whole, and he thinks the insurance market could collapse without swift action from lawmakers. And thirdly, they do large health care savings accounts and shift the tax deduction from corporations to individuals.

Medicaid support and flexibility.

While Michigan did attach some measures that encourage more personal responsibility and wellness for new Medicaid users, there are real cost concerns for the state in the long run.

According to Politico, the latest version of the bill would not include a cap. The new administration, after all, has been in office barely 40 days.

The GOP plan would accomplish the Republicans’ objective by merely giving the states a finite, lump-sum Medicaid block grant, whether or not that sum would cover all those health-care costs. That would create price competition which is a real problem in medicine-there’s no price competition.

Democrats say that numerous 20 million people who benefited from Obamacare could potentially lose their coverage; however, while Republicans agree that the plan will cover fewer people, they say that it will free many from being forced to buy coverage while keeping taxes low.

Meanwhile, a majority of Americans polled also expressed a great dislike for the ACA provision that places a tax penalty on people who remain uninsured, a provision created to generate revenue and defray costs associated with ACA programs. Because those provisions were approved by the Senate parliamentarian as budget-related then, presumably they would be again. Some have lost company-paid coverage entirely.

Both congressmen were optimistic that the bill would pass, despite their narrow margin for error in the Senate.