Emerging GOP Plan Would Replace Parts of Obamacare as It's Repealed

"We're doing Obamacare, we're in the final stages", Trump said during a rambling news conference yesterday.

Legislation to repeal Obamacare and replace major portions of the healthcare program will be unveiled after a 10-day U.S. House of Representatives recess that begins on Friday, House Speaker Paul Ryan said on Thursday.

"After the House returns following the Presidents Day break, we intend to introduce legislation to repeal and replace Obamacare", he said at his own press conference Thursday.

Meanwhile, consumers would receive tax credits to purchase health insurance.

The evolving Republican plan to repeal and replace Obamacare would repeal cuts in payments to hospitals treating large numbers of uninsured patients, repeal the penalties for individuals and employers who don't have or offer coverage and unwind changes to Medicaid made by the Affordable Care Act, according to a GOP policy paper issued yesterday.

Pallone said there was nothing "in what they put out that's a real replacement that's meaningful and that covers the majority of people who got coverage under the Affordable Care Act". Currently, individuals can contribute $3,400 each year to a health savings account, but the Republicans' plan would raise that limit to $6,500. Many of these Republicans have had success in controlling costs and expanding coverage with Medicaid expansion and are wary of a repeal bill that would include taking away that funding.

The proposals provides a transition period, though not defined, for states that did expand Medicaid.

Ryan also said the bill would address concern from some Republican senators and governors from states that have expanded Medicaid.

Their plan is to start with a repeal bill that passed both chambers in 2015, but was ultimately vetoed by President Barack Obama. Rand Paul's Obamacare replacement plan.

Late last month, Ryan mapped out a timeline for Obamacare's repeal, telling GOP colleagues the House would dismantle the bill in March or April.

But House conservatives are becoming frustrated with the speed leaders are moving and want to see action before then. Presidents Day is on Monday and the House returns on February 27.

  • Zachary Reyes