Republicans had one job…
Repeal the Affordable Care Act, and come up with a free market alternative to the legislation. The American Health Care Act doesn’t look like it’s the plan conservative members of congress were looking forward to, and it’s not liked by Democrats because it’s too much of a free market plan.
Members of congress locked themselves behind closed doors in secret. The GOP planned for a step forward from Obamacare, and its goal was to cut costs and increase healthcare quality. It took a couple of days, but Rand Paul finally found that new HealthCare bill the GOP was working on behind closed doors. Last week only The Hill could get hold of it, Paul and all other Republicans who were not in the committee were not allowed to even take a peak.
The GOP bill is backed by some members of Congress including Speaker of the House Paul Ryan, and the Trump Administration.
The problem Republicans are facing is that despite their support for it, no one else likes the bill. Democrats are calling it a mess, the media dislikes it, health care professionals have a lot of problems with it, and even fellow Republicans are calling it “ObamaCare Lite”
Rand Paul has been the most prominent Republican to speak out against it, calling the bill out for its ‘new’ version of the individual mandate, and the subsidies the bill will give to insurance. Trump has gone on twitter to say that he believes “his friend” Rand Paul will support it in the end, since anything is better than that “ObamaCare disaster”.
It’s well known that Paul co-authored his own healthcare bill, and has been one of the prominent republicans who has been trying to repeal The Affordable Care Act.
This is where the conflict arises. Republicans vs Republicans in a showdown to see who has the better replacement bill or who simply has more votes.
Donald Trump is open to negotiations between Rand Paul’s bill, and the Republicans.
This article is only going through the details that we have so far on these two bills, not on any of the speculation around the bill.
Here is the breakdown of everything you need to know about both bills.
The GOP Bill Break Down
(AP Photo/Pablo Martinez Monsivais)
What’s staying from the Affordable Care Act:
Even though the full bill hasn’t been released to the public, there’s a lot of information that is coming out on what’s inside the bill.
The popular provisions from the Affordable Care Act will continue. For example, insurers can’t deny coverage to people with pre-existing health conditions. This is the largest argument used in favor of the Affordable Care act. Before the act insurers could raise prices or kick people off their insurance coverage, because of pre-existing conditions. This happened due to the lack of competition and cronyism that plagues the insurance industry. Parents can still keep their children on their insurance until 26. States that expanded Medicare can expand it until 2020 and will continue to receive federal funds.
What’s leaving the Affordable Care Act:
First off Republicans have discussed for years that the individual mandate would be the first thing to go with an Obamacare Removal, because it denies people choice. But under their plan insurers can raise premiums on people who try to buy a plan without coverage. The bill scales back the Medicaid expansion that occured during the Affordable Care Act. The Republican plans also get rid of the subsidies created by Obamacare. Which was catered towards lower-income people; eight out of 10 enrollees on the Obamacare exchanges receive it.
What they added:
Income-based tax credits to those who purchase health care. The tax credits are available to middle class, working class citizens, and some of the credits are catered towards certain age groups. For example the credit range available to 20-somethings range from $2,000. Republicans also plan to delay the Cadillac tax which is a 40% excise tax on employer insurance plans; they plan to delay it until 2025. The bill has several provisions that are dedicated to making Health Savings Accounts more attractive for people. There are even provisions that are dedicated to getting young people interested in Health Savings Accounts.
The Rand Paul Bill Break Down
(Rand Paul on State of the Union on CNN)
What’s staying from the Affordable Care Act:
His bill is called the Obamacare Replacement Act, and almost nothing of importance from Obamacare is staying. The Affordable Care Act is 10,000 pages, while Paul’s bill is 149 pages, so it looks like nothing from the bill will stay.
What’s leaving from the Affordable Care Act:
So if nothing from the Affordable Care Act will continue, then that means every part of the Affordable Care Act does not exist. The individual mandate is gone; people will no longer be required to purchase healthcare. The minimum standards for healthcare is also set to end; which means people can buy any insurance that benefits their needs even if the insurance plans don’t cover everything. The pre-existing conditions clause has a 2-year window with Paul’s bill, which means people with these conditions have two years to purchase healthcare before the clause dies. This is not some heartless libertarians provision in the bill, the belief is that with increased competition and fair competition insurance companies will be forced by market forces to take care of people with medical disabilities or else they risk losing customers. Last but not least the portion of the bill that dictates that every insurance company must allow kids to be on their parents plan until 26 is gone. Instead insurance companies will have the choice whether or not to keep this in place.
What He added:
Rand Paul’s short but extensive bill is a true free market alternative to Obamacare. The bill still keeps Medicare and Medicaid, but burns away a lot of the regulation that plagues the healthcare industry. Insurance companies can compete between state lines, and new insurance companies can join the market a lot easier, also no more subsidizing large companies. The bill also includes new provisions that allow $5,000 tax credit to people who put their money into health savings accounts, and allows businesses to join in large pools of other businesses to save money for healthcare.
Rand Paul’s bill is by most views the more conservative bill of the two, but deciding which one is better depends on what you want out of a healthcare bill.
If you want more choice in your healthcare, then Rand Paul’s bill is the one you would want. If you want more of the same, and you like what Obamacare did then that’s the one you should root for.
What’s your thoughts on the healthcare debacle going on in this country? Comment below your stories!