Obamacare Replacement, American Healthcare Act Offers Tax Credits of Up to 33K

The new American Healthcare Act will replace former President Obama’s disastrous Affordable Care Act, dubbed Obamacare.

House Speaker Paul Ryan announced the specifics of the new bill in a press conference today.

The new legislation will offer low cost plans and more Insurance choices for Americans across state lines.

The new plan offers a tax credit to all Americans (and legal residents) who don’t get insurance from an employer. They can use the tax credit to buy insurance or keep the cash.

For example, high income earners who are self-employed will receive a tax credit of up to $33,000.

The new GOP plan offers:

Returns control of health care back to the states

Restores the free market

Decrease premiums

Expand and enhance health care options

Dependents stay on their parents’ plan until age 26

Eliminate taxes on prescription drugs

Ryan said the new GOP health care reform bill gives patients more control and protects people with preexisting conditions.

Ryan paused to slam Obamacare for driving up costs and taxes, making it nearly impossible for hospitals to buy new medical equipment.

Ryan said it will take 3 weeks for the new American Healthcare Act to move through the House on its way to the Senate before it becomes law.