The bill would repeal much of President Obama’s framework for government-run, highly prescriptive, one-size-fits-all health care.In its place would stand conservative reforms to unleash market forces, give consumers choice, and return power to the states.Gone or phased out would be ObamaCare’s individual and employer mandates, its $700 billion exchange subsidies, its $1 trillion in taxes, its “slush funds” for insurers, and its extra money for states that expand Medicaid.The bill retains some uncontroversial ObamaCare provisions: Families would still be allowed to keep children on their policies until age 26. Insurers would still be prohibited from capping lifetime benefits or denying coverage to patients with pre-existing conditions.The plan would provide history’s biggest reform of Medicaid.The program would be converted into a less expensive per capita block grant, finally giving states flexibility to meet local needs.The bill would strengthen health savings accounts, allowing larger contributions and expanding options for how the money can be spent. It would help make insurance portable:Under current law, employer-provided plans enjoy favorable tax treatment.This bill would extend that, via tax credits, to people who are self-employed or do not receive coverage from their companies, which would dramatically expand the availability of low-cost insurance in the individual market.
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