Latest House healthcare
bill includes concessions to conservatives: Politico
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[March 07, 2017] WASHINGTON
(Reuters) - The latest version of a House Republican bill to replace
Obamacare would limit who could receive tax credits to help purchase
health insurance, Politico reported on Monday, in an effort to secure
the support of the chamber's conservative wing.
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Congressional Republicans and President Donald Trump have repeatedly
promised to repeal and replace former Democratic President Barack
Obama's signature domestic policy achievement but have publicly
disagreed about the best way to do so. The House of Representatives
is expected to unveil its legislation soon.
Under a Feb. 10 draft of the legislation made available to several
news outlets, Republicans proposed offering an age-based refundable
tax credit regardless of income level. That was resisted by
conservatives who called it another entitlement program. Critics
also said extremely wealthy people would receive the credit even
though they do not need it.
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In the most recent version of the bill, the tax credits would only
be available to those within certain income levels, according to
Politico. They would start to phase out for individuals earning
$75,000 and households earning $150,000, and would be unavailable
for individuals who earn more than $215,000, Politico reported.
Republicans had also initially proposed capping exemptions on
employer-provided health coverage, a provision that drew the ire of
some conservatives who said the bill would remove Obamacare's taxes
only to replace it with another.
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According to Politico, the latest version of the bill would not
include a cap. The bill also delays repealing several of Obamacare's
taxes until 2018, a year later than initially proposed, Politico
reported.
(Reporting by Yasmeen Abutaleb; Editing by Peter Cooney)
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