House Speaker Paul Ryan said Thursday that Republicans will introduce a bill to repeal and replace Obamacare when lawmakers return from next week's recess.The struggle against socialized medicine.
He said Republicans are waiting to release the legislation until the cost of the bill is estimated by the non-partisan Congressional Budget Office and the Joint Committee on Taxation.
"It has become increasingly clear that this law is collapsing," the Wisconsin Republican told reporters at his weekly news conference. He cited Tuesday's announcement by Humana to pull out of Obamacare's health exchanges as another sign that the current system is failing.
"It will keep getting worse unless we act," Ryan said.
He said the replacement bill would give consumers the power to choose their own health care plans in a more competitive marketplace. Ryan indicated that tax credits for consumers are likely to replace the government subsides currently provided to about 85% of Americans who purchase their health coverage from the Obamacare exchanges.
Thursday, February 16, 2017
USA Today reports:
Posted by Steve Bartin at 3:18 PM