Leaked draft of ObamaCare replacement bill indicates Republicans plan to reduce Medicaid spending, limit subsidies
Politico shed some light on what Republicans may have in mind for their promised ObamaCare replacement plan Friday, when it published the contents of a leaked draft of a House Republican bill:
The legislation would take down the foundation of ObamaCare, including the unpopular individual mandate, subsidies based on people's income, and all of the law's taxes. It would significantly roll back Medicaid spending and give states money to create high-risk pools for some people with pre-existing conditions. Some elements would be effective right away; others not until 2020.
The replacement would be paid for by limiting tax breaks on generous health plans people get at work — an idea that is similar to the ObamaCare "Cadillac tax" that Republicans have fought to repeal. [Politico]
Though House Speaker Paul Ryan (R-Wis.) has promised repeal legislation will be introduced soon, Republicans have been less vocal about how they will go about replacing the Affordable Care Act, which has provided an estimated 20 million Americans with coverage. This draft suggests the GOP is "sticking closely to previous plans floated by Ryan and [Health and Human Services Secretary Tom] Price in crafting their ObamaCare repeal package," Politico reported.
For more details on what changes Republicans might be considering, head over to Politico.