ACA Replacement Bill Proposed

On Jan. 24, Sen. Rand Paul introduced the “Obamacare Replacement Act.” The bill would repeal the individual and employer mandates and other ACA provisions; provide a 2-year open-enrollment period under which people with pre-existing conditions could obtain coverage; provide an income and payroll tax deduction for health insurance costs; remove the maximum contribution limit for HSAs; and offer a tax credit of up to $5,000 per taxpayer for HSA contributions. There are other ACA replacement options proposed by Republican lawmakers.