WASHINGTON, D.C. – Today, House Ways and Means Committee Chairman Kevin Brady (R-TX) released legislation to repeal and replace Obamacare through a budget process known as reconciliation. The legislation, part of House Republicans’ American Health Care Act, delivers relief from Obamacare’s taxes and mandates and advances policies proposed by President Trump to enhance and expand health savings accounts and provide tax credits to help Americans access quality, affordable health care.
The Ways and Means Committee has scheduled a markup of this legislation on Wednesday, March 8, at 10:30 a.m., in room 1100 of the Longworth House Office Building.
Upon releasing the legislation, Chairman Brady said:
On January 13, the House passed a budget resolution to begin turning that vision into legislation through reconciliation—a process that allows legislation to be passed with a simple majority in the Senate and quickly signed into law.
The budget resolution outlined specific instructions for the Ways and Means and Energy and Commerce Committees—the primary Committees with jurisdiction over health care—to draft legislative recommendations that the Budget Committee could compile into one reconciliation package.
When combined with the legislation released by Energy and Commerce, the American Health Care Act is expected to meet those instructions. Specifically, the Ways and Means legislation:
- Dismantles Obamacare taxes and mandates—including the individual and employer mandate penalties and taxes on prescription drugs, over-the-counter medications, health insurance premiums, and medical devices.
- Empowers individuals and families to spend their health care dollars the way they want and need by enhancing and expanding Health Savings Accounts (HSAs).
- Helps Americans access affordable, quality health care by providing a monthly tax credit to individuals and families who don’t receive insurance through work or a government program.
CLICK HERE to read a two-page summary of the American Health Care Act.
CLICK HERE to read a section-by-section of the Ways and Means legislation.