WASHINGTON D.C. — House Republicans on Monday night released their bill that will repeal and replace the Affordable Care Act that was passed by Congress in 2009 and signed by President Obama shortly thereafter.
Among the notable changes are repealing the law’s fines on people who don’t purchase health insurance. Instead of the statute’s income-based premium subsidies, people would get tax credits based on age. The subsidies would phase out for higher-earning people.
House committees have scheduled votes for the bill on Wednesday, though there is no guarantee that it will pass when it reaches the floor due to infighting among some House Republicans. The bill will require a majority of votes to pass, which would then send it to the Senate, where it would need another majority before it goes to President Trump’s desk.