WASHINGTON (WOWO): After a series of closed-door meetings, the first details on Senate Republicans’ plan to repeal and replace Obamacare are trickling out.
BREAKING: Senate Republicans unveil health care bill scuttling Obama law; plan cuts Medicaid, slashes taxes for wealthy
— AP Politics (@AP_Politics) June 22, 2017
In a breakdown released by the GOP, the plan includes $62-billion, over 8 years, to subsidize health insurance plans for people who are identified as “high-cost and low-income individuals,” does away with the mandate that all Americans buy insurance or pay a penalty, and requires coverage be provided for individuals with pre-existing conditions.
The plan also begins cuts to Medicaid in 2021, in what Republicans call “gradual reductions,” restoring levels of federal support to pre-Obamacare levels by 2024, while “providing fairness for non-expansion states.”
You can read the full text of the bill below.
Senate Healthcare Bill 2017 by Saige Driver on Scribd
DEVELOPING STORY. We will update as more details are released.
