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- 02/21/2017

U.S. House to unveil Obamacare bill in the next weeks

Pharma Horizon

President Donald Trump and Republicans in Congress said  that they will soon unveil plans to repeal and replace Obamacare after they return from this week’s break 

“After the House returns following the Presidents Day break, we intend to introduce legislation to repeal and replace Obamacare,” Ryan said at a press conference. Presidents Day has been on 20th february  and the House returns on Feb. 27.

“We’re doing Obamacare, we’re in the final stages,” Trump told a news conference. “So we will be submitting sometime in early March, mid-March.”

Also Ryan did not give a specific date and added that lawmakers are waiting to see how congressional analysts “score” their proposal to reverse former Democratic President Barack Obama’s health care law.

Republicans, who control the White House, the U.S. House of Representatives and U.S. Senate, have long vowed to repeal the Affordable Care Act but have had difficulty agreeing on a detailed plan for replacing the signature domestic policy of former Democratic President Barack Obama.

The House Republican replacement plan for Obamacare will include an age-based monthly tax credit that Americans who do not get health insurance through their employer can use to buy health insurance and take from job to job, the brief said.

House Republicans plan to unwind the expansion of the Medicaid healthcare program for the poor that happened under Obamacare, and eventually cap federal Medicaid payments to states, the document said. And they plan to repeal cuts that Obamacare made in payments to hospitals treating large numbers of uninsured.

Lawmakers left the meeting saying there was plenty more work ahead on thorny issues. House Ways and Means Committee Chairman Kevin Brady said there is “a range of options” for giving states more say over Medicaid. He also said there were options to offset the cost of a Republican plan, such as capping the tax exclusion for employer-based healthcare plans.


Source: CBNC, Reuters 

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