House Republicans propose replacing the ACA with tax credits.
By Admin | July 25, 2016
In the heated political battle of ridding the U.S. of the Affordable Care Act, better known as Obamacare, Republicans in the House have introduced a new idea they’re calling a healthcare backpack. The idea is that individuals could use government-alloted tax credits in order to purchase the health insurance they want.
Finer points outlined for the “healthcare backpack” include:
- Helping people pay for private insurance so it can go with them from job to job, job to retirement, or even help them have healthcare when they decide to start their own businesses.
- Removing the mandate that every person be required to have health insurance.
- Expand health savings accounts so people can purchase insurance across state lines.
- Providing Medicare recipients the opportunity to purchase private, fee-for-service insurance via a newly created Medicare insurance exchange.
- Limits on how much health insurance costs could be excluded from taxes.
- Allow parents to keep their children on their own plans until the children reach 26 years of age.
For more information about the Republican plan to change healthcare, read “Republicans vow to replace ACA with tax credits — 6 points on the GOP health insurance proposal” on Becker’s ASC Review.