House Republicans Unveil Obamacare Repeal Bill – IOTW Report

House Republicans Unveil Obamacare Repeal Bill

DC:

House Ways and Means Committee Chairman Kevin Brady and House Energy and Commerce Committee Chairman Greg Walden released legislation to repeal and replace Obamacare Monday, which would effectively abolish the penalties linked to the individual and employer mandate and repeals Medicaid expansion by 2020.

The bill’s architects said it’s designed to give the powers back to the states, providing a Patient and State Stability Fund, which would allot $100 billion over the course of a decade to help stabilize the markets and provide funding for low-income Americans.

To incentivize those who don’t receive insurance through work to purchase coverage, a tax credit based on age would be provided for those looking to buy plans. Following concerns from the conservative wing of the party after the leak of a discussion draft of the bill, language was changed to prevent the credits from becoming an entitlement available to high-income brackets.

Purchasers under 30 would receive a $2,000 tax credit, $2,500 for those between 30-39, $3,000 the 40-49 age bracket, $3,500 for those between 50-59 and $4,000 for the over 60 bracket. Money left over would then be eligible to be put in a Health Savings Account (HSA) — the amount individuals are allowed to put in HSAs would also be increased under the proposal.

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10 Comments on House Republicans Unveil Obamacare Repeal Bill

  1. this bill is a joke. nothing is going to change.
    we gave them the House The Senate and now Presidency and they had 8 years to write a bill we have been lied to again!!
    Repeal Bill today no replacement. end of freak’n story.
    Still cant sell insurance across state lines????????????????

  2. Are all those entities who were “exempted” (Congress, Unions and others) forced to participate?

    The headline of this story “House Republicans Unveil Obamacare Repeal Bill” is as dishonest and deceiving as the Bill.

    GOPe Ryan has again thwarted the free market in favor of big socialized government. RyanCare a continuation of unconstitutional Socialist Government interference, control and destruction of the US healthcare free market.

    REPEAL and allow a true free market to flourish.

  3. The big take away from this is the changes to Medicaid. Medicaid is the biggest driver of healthcare cost and this bill addresses that. With all of these assholes in congress trying to grandstand and carve out goodies for their special interest, there will never be a perfect bill. I’m looking for three things:
    1. Restore freedom
    2. Reduce cost
    3. Obliterate Obama’s legacy. (yes, I’m that petty)
    That’s a win in my book.

  4. “Never close off a viable revenue stream. Or a method of control.”
    The RINOs are filthy fuckin hypocrites, and are abusing the good will of the American people.
    Are there no more Americans in Congress?
    What will it take to bring you maggots to heel?

    izlamo delenda est …

  5. Another rancid corrupt GOPE turd of a bill squeezed out behind closed doors by that buffoon Speaker Ryan who is beholden to all of the lobbyists in Washington.

    At this point the question has to be asked: What benefit is there in voting for republicans? They are nothing more than a wing of the democrat communist party.

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