US Republicans unveil bill to replace Obamacare

As Republicans in the House unveil details of a plan for repealing Obamacare, opposition continues to mount. This penalty involves a 30 percent premium increase if an American’s health insurance coverage lapses.

The new bill would also provide tax credits for people to buy health insurance on the individual market, though they will be smaller than those provided under Obamacare.

The act will also reform Medicaid by creating a new state-based private insurance marketplace that will have a “per capita allotment” for states to serve the patients that need it most. The House GOP incentive is even weaker and many experts feel it will result in even more costly premiums.

One of the biggest changes in the bill is a reduction in the amount of support going to Medicaid-which covers more than 70 million people, including women, children, and elderly who can not afford health care otherwise. The example they cite: Under the new law, if it passes, a 30-year-old would be given $2,000 to put toward insurance every year, while a 60-year-old would get $4,000.

The plan would also make changes to the Medicaid program.

Nevertheless, President Trump has already tweeted his support for “our wonderful new Healthcare Bill”.

The bills were introduced Monday night, and they represent the first attempt by Republicans to abolish the ACA. “The American people deserve to see what Republicans are trying to do to their health care”. “There are trade-offs in health care policy, in particular with so many interconnected parts”.

House committees plan to begin voting on the 123-page legislation on Wednesday (Thursday, NZ time), launching what could be the year’s defining battle in Congress. Four key Republican senators from states that opted to expand their Medicaid programs under the Affordable Care Act have said they will oppose any plan that leaves millions uninsured. Trump has previously said he does not want Americans to lose coverage despite running on a campaign that promised the repeal of ACA without specifying a replacement. Democratic Sen. Chris Murphy of CT tweeted the GOP bill is “just a skeletal, slapdash, mean-spirited version of the ACA that would slash insurance coverage, spike costs”.

Women stand to bear a heavy burden under the Republican plan, which would defund Planned Parenthood by preventing the healthcare nonprofit from receiving hundreds of millions of dollars in funds from Medicaid reimbursements.