Here's A Detailed Look On The Health Care Reforms Proposed By House Republicans

On Wednesday, June 22, the Republicans, through House Speaker Paul Ryan, unveiled a 37-page plan for health care reforms. It is not yet a bill, but it's more of a talking point or proposal to initiate reforms on the 2010 Affordable Care Act, also known as Obamacare. The GOP hopes to implement the changes when the next president assumes the White House.

The proposal, dubbed "A Better Way," has a major plan to repeal Obamacare, which has been challenged by Republicans for six years, per Reuters. Among the changes proposed include the following:

- Americans without Medicare, or Medicaid, or coverage from their employers will receive tax credit refunds that will afford them the option to buy health insurance. The tax credit will increase as the person gets older.

- Workers that do get coverage from their employers will get tax breaks on premiums paid by the company. This will essentially keep the cost lower for employers and do away with the "Cadillac tax" that has made health care cost more expensive.

- The health care plan should give Americans consumer control over what health insurance is best for them and budget this accordingly. The proposal moves to expand the health savings accounts.

- Health care plans can be bought across states under the proposed policy. This is a way of boost healthy competition and prices, which should be good for consumers.

- The plan will provide incentives and support for wellness programs, as well as reforms to the medical liability stipulations.

- Pre-existing conditions will be included in the coverage, without prejudice to age, status or income.

- Dependents of up to 26 years old can reap the benefits of health care from their parents' own plan.

- The proposal also hopes to initiate changes to the Hyde Amendment, which covers abortion and services related to it.

However, the proposal has not detailed the exact value of tax credits, nor the amount and number of coverages intended for the plans. Some cite that "A Better Way" is just a broad outline that Republicans have been playing out for years, per Politico. Some also see that the proposal has retained some of Obamacare's popular provisions, which means there are really no major overhauls to be done, per Daily Signal.

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