What you should know about the GOP's new healthcare plan
Details of the GOP's new healthcare plan are beginning to emerge, as pieced together by Bloomberg:
- Right to choose whether to purchase health insurance or not, which means not everyone will be covered.
- Like Obamacare, the GOP plan will provide tax credits to help people purchase insurance, but those subsidies will be based on age rather than income — meaning poorer people won't get additional money.
- Threat of rolling back Medicaid: About 12 million people currently have coverage through Medicaid expansion.
- Insurers would be allowed to charge more to anyone — whether they are healthy or have a pre-existing medical condition — who had a gap in their health insurance coverage.
- Timing: Trump said Wednesday that there will be a White House health plan by sometime in March.
Why it matters: The story shows Republicans acknowledging what most health care analysts already suspected: The replacement won't cover as many people as Obamacare, partly because the GOP isn't really trying to compete on that level.