Republicans Unveil New ObamaCare Replacement Plan (Includes Executive Summary)

Congressional Republicans are unveiling what they say is a new plan to repeal and replace ObamaCare, but the ‘blueprint,’ as they call it, looks an awful lot like what’s been floated before.

The Patient Choice, Affordability, Responsibility and Empowerment – or CARE – Act was crafted by Sen. Richard Burr, R-N.C., Senate Finance Committee Chairman Orrin Hatch, R-Utah, and House Energy and Commerce Chairman Fred Upton, R-Mich.

The first bicameral proposal of the 114th Congress calls for the outright repeal of President Obama’s signature health care law, and with that, the individual mandate to buy insurance or pay a fine.

CLICK HERE to READ EXECUTIVE SUMMARY

It provides for targeted tax credits to individuals and families up to 300 percent above the poverty line to encourage people to buy plans in the market place.

It also allows insurers to sell plans across state lines and caps the amount of monetary damages that can be awarded in medical malpractice litigation.

Like the Affordable Care Act, dependents are able to stay on their parents’ healthcare plans until they’re 26, and no one can be denied coverage for pre-existing conditions -- although this plan calls for a specific ‘continuous coverage’ protection where individuals moving from one plan to another cannot be denied.

Read the rest of the story HERE and view a related video below:

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