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G.O.P. unveils bill to scrap and replace Obamacare

Mar 07, 2017, 5:47 AM EST
The proposed bill sets the stage for a fierce political battle in U.S. Congress.
(Source: Will O'Neill/flickr)

U.S. House Representatives on Monday presented their bill to repeal and replace the Affordable Care Act with an alternative that focuses on reducing government’s role in healthcare while nudging the people to buy insurance on the open market. House Speaker Paul Ryan claimed that the proposed legislation would slash insurance costs while offering protection to every American, an assertion that was quickly rebuffed by top Democratic leaders.

The proposed bill called, the American Health Care Act, would scrap the penalties levied on those who do not buy health insurance, however the Americans who let their insurance coverage lapse would face 30 percent higher premiums, notes the BBC.

Despite enjoying a majority in both the chambers of Congress, the Republican Party remains divided over certain provisions in the bill, observes CNN. Some Republicans from Medicaid-expansion states have refused to back the proposed legislation, which would deny millions of Americans the insurance access they received under Obamacare.