GOP Reveals Its Highly Anticipated Plan to Replace Obamacare — Here Are the Highlights

CNBC has some of the highlights from the GOP proposal:

The bill calls for issuing a refundable, advanceable tax credit to customers of individual health plans with the value of that credit tied to age and income. Tax credits would begin at $2,000 for people in their 20s, and gradually increase to $4,000 for people over age 60.

The bill also would repeal the authority of states to expand their Medicaid programs to nearly all adults by 2020.

The GOP proposal also would repeal the Affordable Care Act’s taxes beginning in 2018, and would bar funding from going to Planned Parenthood. It also would double the current allowable contribution levels for Health Savings Accounts.

The Republican replacement does not get rid of the popular Obamacare provision that prohibits insurers from denying coverage to people with pre-existing conditions or the one that allows adults under the age of 26 to be covered by their parents’ plans.

Full article: GOP Reveals Its Highly Anticipated Plan to Replace Obamacare — Here Are the Highlights

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