Breakdown of the proposed replacement to Obamacare

capitol

capitol

Emily Clement

The Affordable Care Act, also know as Obamacare, may soon be replaced by the American Health Care Act proposed by House Republicans.

Here is a breakdown of the transition between the two acts:

  • The American Health Care Act would still maintain coverage for people with pre-existing conditions and would allow children to stay on their parents’ coverage until they are 26, but it would lose many of the other aspects that the Affordable Care Act has.
  • The House of Representatives website says that as of right now, premiums have increased by 25 percent per year and 35 percent fewer healthcare providers accept Obamacare, so the Affordable Care Act is only hurting people.
  • A patient and state stability fund would be established and would give $100 billion to create health care plans that would benefit citizen’s needs.
  • Low-and-middle-income families and individuals who don’t receive insurance from their work or a government program would be given a monthly tax credit that would be about $2,000 to $14,000 a year.
  • Obamacare subsidies would be replaced, because, according to the House Republicans, the subsidies have left millions of families and individuals without help to pay for health care.