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Tuesday, 7 March 2017

House Republicans unveil Obamacare replacement plan

Speaker of the House Paul Ryan (R-WI) departs after answering questions at the U.S. Capitol during a press conference March 2, 2017 in Washington

US House Republicans have unveiled a long-awaited plan to replace the signature health care law of former US President Barack Obama.
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.
Democrats immediately criticised the plan, saying it would drive up the costs of health care.
The Affordable Care Act, known as Obamacare, helped 20m previously uninsured Americans get health insurance.
However increases in insurance premiums have irked many Americans.
The plan from Republicans in the US House of Representatives would reduce the role of the federal government in helping Americans afford healthcare.
"Today marks an important step toward restoring health care choices and affordability back to the American people," the White House said in a statement.
President Donald Trump looked forward to working with Congress to repeal and replace the law, it said.
The president has described Obamacare, which was passed in 2010 and is seen as Mr Obama's signature domestic policy achievement, as "a disaster".

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