“Obamacare has failed the American people. Over the past seven years, we’ve seen premiums skyrocket, choices dwindle, and government take more control over our health care. Left unchecked, the damage wrought by Obamacare would continue to spin out of control.”
With these words, House Speaker Paul Ryan has introduced the American Health Care Act, the long-awaited bill to repeal and replace Obamacare. According to the Speaker and other media sources, here is what the measure contains:
- The bill maintains coverage for people with preexisting conditions.
• It allows children to stay on their parents’ insurance plans until the age of twenty-six. It also requires all insurers to offer ten essential benefits, including maternity care and preventive services. And it bars insurers from setting a limit on how much they must pay to cover a person.
• The “Patient and State Stability Fund” allows states to allocate resources in ways that will best care for their most vulnerable populations.
• The bill enhances Health Savings Accounts, creating choice and competition among insurers.
• The measure continues Medicaid expansion for low-income Americans until 2020, then provides an advanceable, refundable tax credit to create an open market for insurance coverage. The credit is capped to prevent wealthier Americans from claiming it.
• The bill repeals fines on people who don’t carry insurance. However, it levies a 30 percent penalty for lapses in coverage.
• A provision bars Planned Parenthood from receiving federal funds. President Trump reportedly offered to preserve Planned Parenthood’s funding if the organization would promise to stop providing abortions. The organization quickly rejected the president’s offer.
• Analysts have not yet had time to assess how the bill would affect federal spending or the number of people covered by insurance.
House committees plan to begin voting on the 123-page legislation this morning, launching “what could be the year’s defining battle in Congress,” according to the Associated Press. The bill’s passage in the House is not assured, and opposition is mounting in the Senate because of concerns that poor people could lose insurance.
Continue reading Denison Forum – Republicans release ‘American Health Care Act’