Politics

Updated Obamacare Repeal Bill Leaked

Updated draft legislation of the Obamacare repeal bill leaked Friday, showing tweaks to the language on tax credits and changes to  “state innovation grants.”

Lawmakers in the House Committee on Ways and  Means and House Committee on Energy and Commerce are still working out the details of the bill, which has not been publicly released but was obtained by Politico.

Significant changes were made from an earlier draft after conservatives voiced concerns that the legislation looked like “Obamacare lite.”

Critics of the initial draft were particularly hesitant towards tax credits being based on ages — a change from the subsides provided under Obamacare, which were based on income — and they felt the proposed change created a new entitlement program.

Under the new version, tax credits would still be provided to those buying insurance who aren’t covered through their employer, but would only be provided to those who aren’t in the upper income brackets.

States that chose to expand Medicaid would still continue to have their additional funds scaled back under the revisions. States would receive per capita caps for enrollees.

A provision allotting “state innovation grants” to help states stabilize would create a reinsurance fund, providing insurance companies with federal funds for pricey customers whose medical claims range between $50,000  $350,000.

Language that would have kept “grandmothered” plans — which didn’t meet the guidelines set forth under Obamacare — on the market indefinitely, was also removed.

Members of the House Committee on Ways and Means are staying through the weekend to continue to work out the details of the plan.

The House is expected to begin marking up the legislation next week.

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