Finally. In breaking news, House Republicans have released the text of the long-awaited Obamacare replacement bill.
The bill proposes to eliminate various taxes and penalties tied to the original legislation while still maintaining certain protections for patients.
Republicans will call it the American Health Care Act, the legislation would finally repeal ObamaCare taxes and the so-called individual and employer mandates, which imposed fines for not buying and offering insurance.
It also would repeal the Affordable Care Act’s subsidies, replacing them with tax credits for consumers.
More significantly, Republicans would overhaul the federal-state Medicaid program, changing its open-ended federal financing to a limit based on enrollment and costs in each state.
“We begin by repealing the awful taxes, the mandate penalties and the subsidies in ObamaCare,” House Ways and Means Committee Chairman Kevin Brady, R-Texas, told Fox News’ “Special Report with Bret Baier” in an exclusive interview.
Watch the full report here: