WASHINGTON (AP) — House Republicans have released their long-awaited bill dismantling much of former President Barack Obama’s health care overhaul.
House committees planned votes on the legislation Wednesday, which is expected to launch perhaps the year’s defining battle in Congress.
The plan would repeal the law’s fines on people who don’t purchase health insurance. Instead of the statute’s income-based premium subsidies, people would get tax credits based on age. The subsidies would phase out for higher-earning people.
Obama’s expansion of Medicaid to more lower-income people would continue until 2020. The bill would eventually change how the federal government helps finance that program.
House Speaker Paul Ryan released the following statement:
BREAKING NEWS → We just introduced our bill to #RepealAndReplace Obamacare. https://t.co/Ut0DDR4wzG pic.twitter.com/1qTCXvkZzE
— Paul Ryan (@SpeakerRyan) March 6, 2017
(Photo: CNN)
