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House Republicans have finally fulfilled their years-long pledge to repeal and replace Obamacare.

The legislation, titled the American Health Care Act, now moves to the Senate, where it will likely change a lot when or if it lands on President Trump’s desk. But it’s already possible to identify who will get helped and who will get hurt by the bill.

 The legislation calls for providing refundable tax credits based on a person’s age and income. It allows states to waive some protections for those with pre-existing conditions, while letting insurers charge higher rates to older consumers and levy a 30% surcharge on the premiums of those who let their coverage lapse.

The bill also eliminates the enhanced federal match for Medicaid expansion starting in 2020 and curtails federal support for the entire Medicaid program, which covers about one in five Americans. And it lifts the taxes that Obamacare had imposed on the wealthy, insurers and companies.

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Who gets hurt and who gets helped if Obamacare is repealed

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Click link below for article and video:

http://money.cnn.com/2017/05/04/news/economy/republicans-obamacare-repeal-hurt-helped/index.html

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