Former U.S. President Barack Obama (Photo by Bill Pugliano/Getty Images)
Former President Barack Obama took to his official Facebook page on Thursday to criticize the new Senate healthcare bill released today, calling it “a massive transfer of wealth” to “the richest people in America,” asking the Senate to “take a step back and measure what’s really at stake.”
Read “Barack Obama: Senate Health Care Bill Is a Massive Transfer of Wealth to the Richest People in America“
On Monday night, House Republicans finally revealed details of their long-awaited plan to repeal-and-replace Obamacare. The plan still has to pass through Congressional committees, but the details are out there ready to be discussed.
The wait is finally over. House Republicans have finally released their master plan to repeal and replace the Affordable Care Act, also known (to the shock of millions) as Obamacare, in the form of two bills that would replace federal insurance subsidies with individual tax credits and grants to help states create their own policies.
Separate House committees drafted the two bills, which would no longer penalize Americans for not having insurance but instead would encourage them to keep it by allowing insurers to impose a 30 percent surcharge for those who have a gap between health plans.
The biggest deal is that young adults would still be able to remain on their parents’ insurance plans until they turned 26 years old, and insurers would still be forbidden to deny coverage or charge more to people with pre-existing medical conditions. The downside is that Planned Parenthood would take a hit and would no longer be eligible for Medicaid or federal family-planning grants.
Source: House Republicans Release Long-Awaited Obamacare Replacement Plan Details