The United States, House of Republicans has unveiled a plan to replace, “The Affordable Care Act”, known as Obamacare. The proposed legislation would repeal penalties for those who do not buy health insurance. It would also replace income-based subsidies to help with the cost of premiums with age-based tax credits.
White House said in a statement that the plan is an important step toward restoring health care choices and affordability back to the American people. It said, President Donald Trump looked forward to working with Congress to repeal and replace the law.
The plan would reduce the role of the federal government in helping Americans afford healthcare. The proposal unveiled yesterday would preserve some popular elements of the existing law, including allowing young people to remain on their parents’ insurance plans until the age of 26. The plan is expected to cover fewer people than those who gained insurance under Mr Obama.
The Affordable Care Act, known as Obamacare, helped 20 million previously uninsured Americans get health insurance. President Trump had described Obamacare, the signature health care law of former US President Barack Obama as “a disaster”.