Senate Majority Leader Mitch McConnell leaves the chamber after announcing the release of the Republicans’ health care bill on Thursday.
J. Scott Applewhite/AP
Senate Republicans on Thursday unveiled their plan to repeal and replace the Affordable Care Act — also known as Obamacare. The long-awaited plan marks a big step toward achieving one of the Republican Party’s major goals.
The Senate proposal is broadly similar to the bill passed by House Republicans last month, with a few notable differences. Senate Majority Leader Mitch McConnell, who has been criticized for drafting the bill in secret with just a dozen Republican Senate colleagues, says the proposal — which he calls a discussion draft — will stabilize insurance markets, strengthen Medicaid and cut costs to consumers.
“We agreed on the need to free Americans from Obamacare’s mandates. And policies contained in the discussion draft will repeal the individual mandates so Americans are no longer forced to buy insurance they don’t need or can’t afford,” McConnell said.
Instead, the bill entices people to voluntarily buy a policy by offering them tax credits based on age and income to help pay premiums.
This bill is better designed than the House version, according to Avik Roy, founder of the Foundation for Research on Equal Opportunity, because it offers more help to older people who can’t afford insurance while making coverage cheaper for young healthy people.
