Republicans Finally Unveil Their Plan To Repeal The Affordable Care Act

-The new tax credits would be based on age, rather than income. People under age 30 would get a $2,000 annual tax credit to buy health coverage, with the credits increasing to a maximum of $4,000 for people over 60. A family would receive a maximum $14,000 in tax credits each year.

-The tax credits would be available in full to people earning less than $75,000 and households earning less than $150,000 but would be reduced for those who earn more.INSURANCE forms

Big changes to Medicaid funding proposed

-It repeals a tax on medical devices and prescription medications and delays the “Cadillac Tax” on high-cost employer health plans until 2025.

-Medicaid — the government-run program for the poor — would be converted to a state-based block-grant program, with federal funding capped per enrollee and based on how much each state spent on Medicaid in the fiscal year 2016.

-The 31 states that chose to expand Medicaid would continue to get additional federal funding until 2020. However, funding would be reduced for anyone who tries to enter the program after 2020, or those who leave the program and then come back.

-For the 19 states that balked at expanding Medicaid, the bill would provide $10 billion over five years to help extend coverage to the poor.

-The House Republican proposal also would cut federal funding to Planned Parenthood. The women’s health organization would no longer be eligible for Medicaid payments or federal family planning grants.