March 06, 2017
House Republicans have released the text of their long-awaited ObamaCare replacement bill.
The legislation, called the American Health Care Act, can be read online at readthebill.gop.
The sweeping legislation would repeal ObamaCare certain taxes and subsidies, along with the so-called individual and employer mandates.
The legislation would allow state insurance exchanges to exist for now, and would preserve protections for those with pre-existing conditions.
Fox News is told the plan is to go to both the Energy and Commerce and Ways and Means committees on Wednesday for “mark-up” sessions where they will craft a final version of the bill. The legislation would go before the House Budget Committee next week.
The hope is that the bill would hit the House floor the week after that — and the Senate before the Easter recess.
Unclear is how many people might lose coverage under the new plan.