The House Republicans released the bill for a new Health Care Act titled the American Health Care Act on Monday night(March 6, 2017). The new health care law will repeal and replace major portions of the Affordable Care Act popularly known as Obamacare.
The bill repeals major portions of the Affordable Care Act which included individual mandate and most of the taxes that Obamacare imposed. The new legislation calls for providing refundable tax credits based on a person's age and income. But the new law did not repeal two popular features of Obamacare. One of them is that insurance companies need to insure people with pre-existing conditions, and another allowing young adults to remain on their parents’ insurance plans until they are 26 years old.
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