Senator Rand Paul talks about the new Obamacare repeal and replacement bill that passed the U.S. House of Representatives.
Senator Paul believes it is better than what it was before but it is still a far cry from being a free market bill and will most likely be Obamacare cut in half.
The Every Day American in an email notes:
TODAY’S BIG THING: THE AMERICAN HEALTH CARE ACT
WHAT’S THE BIG PICTURE?
The American Health Care Act (AHCA) is the Republican plan to repeal and replace Obamacare.
HAVEN’T I HEARD THIS BEFORE?
Yes. About six weeks ago, Republicans came close to voting on the AHCA. Ultimately, the bill was pulled. So, moderate and conservative Republicans spent time working together to improve the legislation.
WHAT ARE THE DETAILS?
The updated AHCA is the same bill as before, but with three important changes.
Palmer/Schweikert Amendment: creates a new federal risk-sharing program, a high-risk pool that will lower costs for people with pre-existing conditions, and lower costs for everyone else.
The MacArthur Amendment: allows states to apply for waivers to three of Obamacare’s costliest mandates: essential health benefits; age rating; and community rating, but only if the state has a risk-sharing program to help individuals with pre-existing conditions afford coverage.This new flexibility will allow states to design insurance frameworks that are right for their unique populations, providing superior care and lowering costs for patients.
The Upton-Long Amendment: dedicates $8 billion solely to reducing premiums and other out-of-pocket costs for patients in the individual market with pre-existing conditions who do not maintain continuous coverage and who live in states that receive a waiver to redesign their insurance market.
SO… IS IT LAW?
Not quite. Next it goes to the Senate and then to the White House, where it is signed into law. Don’t worry. We’ll keep you updated every step of the way.
WAIT, IS CONGRESS EXEMPT?
No. Yesterday, Congress also voted on the McSally Bill, which ensures that Members of Congress and their staff live by the same health care rules as everyone else.
Congress has several big projects coming up this year and next, including balancing the budget, funding the military, fixing America’s infrastructure, and overhauling the tax code.
Stay tuned. It’s sure to be an exciting year.