Brennan Linsley / AP

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.

Go deeper

Updated 22 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Politics: Trump calls Fauci a "disaster" on campaign call.
  2. Health: Coronavirus hospitalizations are on the rise — 8 states set single-day coronavirus case records last week.
  3. States: California to independently review FDA-approved coronavirus vaccines
  4. Wisconsin judge reimposes capacity limit on indoor venues.
  5. Media: Trump attacks CNN as "dumb b*stards" for continuing to cover pandemic.
  6. Business: Consumer confidence surveys show Americans are getting nervousHow China's economy bounced back from coronavirus.
  7. Sports: We've entered the era of limited fan attendance.
  8. Education: Why education technology can’t save remote learning.
Dion Rabouin, author of Markets
48 mins ago - Economy & Business

The 2020 holiday season may just kill Main Street

Illustration: Eniola Odetunde/Axios

Online retail and e-commerce have been chipping away at brick-and-mortar businesses over the years but the combination of the coronavirus pandemic and the 2020 holiday season may prove to be a knockout blow.

State of play: Anxious consumers say financial concerns and health worries will push them to spend less money this year and to do more of their limited spending online.

California to independently review FDA-approved coronavirus vaccines

California Gov. Gavin Newsom. Photo: Justin Sullivan/Getty Images

California will "independently review" all coronavirus vaccines approved by the Food and Drug Administration before allowing their distribution, Gov. Gavin Newsom (D) announced at a news conference Monday.

Why it matters: The move that comes days after NAID director Anthony Fauci said he had "strong confidence" in FDA-approved vaccines could cast further public doubt that the federal government could release a vaccine based on political motives, rather than safety and efficacy.