Seven years ago, Barack Obama’s Democrats passed a health insurance law that promised to cover almost everyone and make medical care more affordable. Not everyone will suffer: The GOP bill includes a nice tax cut for the wealthy, canceling the taxes they paid to support Obamacare. Much less expensive and much better,” with “much lower deductibles.”But the healthcare bill House Republicans unveiled on Monday can’t keep all those promises. It provides much lower subsidies, on average, for people who buy health coverage on the individual market. At that point, the GOP bill would change the funding formula for Medicaid, making it easier to cut the program’s expenditures in future years.

Source: Los Angeles Times March 07, 2017 21:03 UTC