Republicans have had 7 years to come up with a healthcare bill to replace Obamacare, but, like many school kids, they procrastinated until the last minute to even start on their homework. Now under pressure by voters and Democrats, Senate Republicans have finally unveiled their rendition of a workable and acceptable replacement for Obamacare. So, what’s in the new Senate version?
The Senate’s proposal to overhaul ObamaCare must be reconciled with the previously released House version before President Trump can sign a bill into law. While the Senate’s draft can be viewed in its entirety here, below are some of the key components being touted by Republicans in the Senate.
- Help stabilize collapsing insurance markets by creating a short-term stabilization fund to provide $15 billion per year in 2018 and 2019 and $10 billion in each of the next two years to address coverage disruption. It would also continue federal assistance to low-income Americans through 2019.
- End “onerous Obamacare mandates” by repealing individual and employer mandates…
President Trump has been promising a wonderful replacement that will give most everyone what they want, however, the question is how will the government and American people pay for such an expensive program. Whether you pay directly to the insurance companies or pay indirectly with higher taxes, ultimately, it’s the American people that will end up paying for it all.