Justin and Guy wrote about the pending Obamacare replacement bill and the political games that are to follow today. Well, the wait is over. The House GOP released the text of the bill. It can be read at readthebill.gop. The new legislation keeps some aspects of Obamacare in place, such as allowing dependents to remain on their parents’ health insurance plans until they’re 26. It also prohibits health insurers from denying coverage to those with pre-existing conditions.
It will, however gut the Obamacare taxes that Republican lawmakers have zeroed in as being contributors to the rising premiums, job losses, and limiting patient choices regarding their insurance. The employer and individual mandate penalties are out as well, but the mandates themselves remain in place; something that isn’t going to go very well with conservatives (and it shouldn’t). The new bill will create a Patient and State Stability Fund, a source of funds totaling $100 billion that will be designated to meet “the unique needs of their patient populations and help low-income Americans afford health care.” Medicaid will be “modernized,” with a “transitioning to a ‘per capita allotment’ so states can better serve the patients most in need.”