Republicans unveil bill to replace the Affordable Care Act (ACA)

The “American Health Care Act” would: 1) repeal the individual and employer mandates; 2) abolish income-based subsidies for buying health coverage; 3) provide tax credits for buying insurance, which would be based on age and capped at high incomes; 4) allow insurers to impose a 30% charge for those with a gap between coverage; and 5) continue protecting those with pre-existing conditions and allowing those up to age 26 to remain on their parents’ plans. We’ll provide more details in future posts.