Republicans Reveal Plan to Replace ObamaCare

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House Republicans on Wednesday unveiled new proposals to repeal and replace President Barack Obama’s health care law, as Speaker Paul Ryan seeks to showcase a GOP governing agenda amid the tumult of the presidential campaign. (ABC News)

What the plan does not include, however, is any idea of how much it would cost, or how it would be financed. Also unclear is how many of the 20 million Americans who have gained coverage since the law took effect would be able to remain insured. (Kaiser Health News)

The plan centers on a tax credit to help people afford coverage. Unlike ObamaCare’s financial assistance, which increases based on income to give more help to low-income people, the Republican plan’s assistance would be flat and based on age.(The Hill)

The plan starts with repeal of the health law and its requirements and taxes, but it would then put back many of its most popular elements: Allowing young adults to stay on their parents’ health plan to age 26; banning insurers from charging people with pre-existing health problems higher premiums; and forbidding insurers from dropping coverage if a policyholder gets sick. (Money Magazine)

Others are sure to be contentious. House Republicans would gradually increase the eligibility age for Medicare, which is now 65. Starting in 2020, the Medicare age would rise along with the eligibility age for full Social Security benefits, eventually reaching 67. (The New York Times)

White House spokeswoman Katie Hill on Wednesday called the GOP health-care proposal “nothing more than vague and recycled ideas to take health insurance away from millions and increase costs for seniors and hardworking families.” (The Washington Post)

Read more:

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Will Donald Trump Touch Medicare?

Hillary Clinton’s ‘Medicare for More’ Proposal

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