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J. Scott Applewhite / AP

A new draft of the GOP's Obamacare repeal and replacement bill has only small, incremental changes from a previously leaked version, Politico reports.

What you need to know: Not much has changed, especially not the most controversial provisions of the previous version of the bill. Among the new developments:

  • Although it still includes tax credits that vary by age, Republicans are considering not allowing wealthier people to qualify for the credits. There are no specifics about the cutoff, although as we reported this week, that could be in the next draft.
  • "Grandmothered" plans are no longer allowed to remain in the market indefinitely. These are plans that existed before Obamacare's implementation, but didn't meet its coverage requirements.
  • In addition to the "state innovation grants" in the earlier version of the bill, this draft creates a reinsurance fund. It would reimburse insurers for enrollees with medical claims above $50,000 and up to $350,000.

What comes next: Conservatives — and moderates — are going to have to decide if they can stomach this not-so-different version of the bill they previously complained about. Though it's probably safe to say this is not the last version we'll see.

Go deeper

Biden embarks on a consequential presidency

Photo illustration: Sarah Grillo/Axios. Photo: Joe Raedle/Getty Images

Donald Trump tried everything to delegitimize the rival who vanquished him. In reality, he's set Joe Biden on course to be a far more consequential U.S. president than he might otherwise have become.

The big picture: President Biden now confronts not just a pandemic, but massive political divisions and an assault on truth — and the aftermath of the assault on the Capitol two weeks ago that threatened democracy itself.

Updated 18 mins ago - Politics & Policy

Inauguration Day dashboard

U.S. Capitol and stage are lit at sunrise ahead of the inauguration of Joe Biden. Photo: Patrick Semansky - Pool/Getty Images

President Biden has delivered his inaugural address at the Capitol, calling for an end to the politics as total war but warning that "we have far to go" to heal the country.

What's next: Representatives from all branches of the military escort the 46th president to the White House.

Inaugural address: Biden vows to be "a president for all Americans"

Moments after taking the oath of office, President Biden sought to soothe a nation riven by political divisions and a global pandemic, while warning that "we have far to go" to heal the country and defeat a "virus that silently stalks the the country."

Why it matters: From the same steps that a pro-Trump mob launched an assault on Congress two weeks earlier, the new president paid deference to the endurance of American political institutions.

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