An average family making more than $200,000 a year would gain $5,640 while a family making less than $10,000 a year would lose $1,420 if Congress passes the health care plan proposed by House Republicans, according to a new analysis. Taxes would decrease for families earning $50,000 or more a year in 2022, when most of the law's provisions would be in full effect. Even though some would be able to take advantage of new subsidies to buy health insurance, the researchers found that, on average, their benefits would decline substantially. The Republican plan eliminates taxes Obamacare imposed mostly on the rich, including taxes on investment income and wages above $200,000. (Cuts to other Obamacare taxes, including ones on medical devices, prescription drugs, and indoor tanning, benefit the population more broadly.)

Source: New York Times March 22, 2017 23:06 UTC