REVEALED: The GOP’s NEW plan to repeal, replace Obamacare

The Republican Study Committee in the House of Representatives will unveil a health-care bill Wednesday to replace Obamacare.

The bill, titled the Republican Study Committee’s American Healthcare Reform Act, ”dramatically opens up options for families, and dramatically lowers costs” compared to the Obamacare law, committee chairman Louisiana Rep. Steven Scalise told The Daily Caller.

The 200-page budget-neutral bill would provide $20,000 in tax deductions to families and a $7,500 deduction to individuals, so they can buy insurance from vendors in any state. It would also would allow Americans to keep the money they save by picking lower-cost providers.

In an effort to contend with one of the more popular aspects of Obamacare, the Republican bill — which was drafted by a committee subgroup headed by Rep. Phil Roe, a doctor — would also create a 10-year, $25 billion fund to lower costs for Americans afflicted with pre-existing conditions such as cancer.

Additionally, it would let people carry their insurance with them from job to job, and cut wasteful legal costs by reforming medical lawsuits.

The bill transfers authority from Obamacare’s regulators to citizens because “we think people are smart enough and will find the best plan for their family,” Scalise said.

Via a reformed national health insurance market, Americans will be able to buy many of the provisions in Obamacare that are lauded by the White House, such as coverage for adult children up to age 26, he said. (DETAILS: Summary of Republican Study Committee’s alternative to Obamacare)

Overall costs will be controlled because government expenses are offset by savings, such as legal reform and an expected drop in medical prices, Scalise said. Instead of tax credits or subsidies, “we wanted to go with a straight deduction [from taxable income, because] it gives people more of an incentive to shop around,” he said.

Via: The Daily Caller

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