Republican Plan to Replace Obamacare-A Brief Comparison
Republican Plan to Replace Obamacare Crib Notes The long awaited Republican vision for an alternative to the Affordable Care Act, which was passed in 2010 was revealed yesterday by Speaker of the House, Paul Ryan. Here are the key components of the plan compared to existing provisions under the act, known as Obamacare. Provisions Republican Response Affordable Care Act Tax credits for buying insurance Tax credits for all types of medical insurance, not just exchange plans, credits regardless of income Tax credits are offered to individuals buying medical plans through state and federal exchanges and top out at incomes equal to 400% of the federal poverty rate, in 2015 this was $46,680 for an individual and $95,400 for a family of four Pricing of medical insurance plans Encourage greater range of age-based pricing, lowering cost for the youthful and jacking prices for older enrollees; presumably females of childbearing years would also pay more Insuranc...