The bill combines House and Senate versions of the Replacement bill.
The Congress, under Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan navigated the lengthy and complex “reconciliation” process to pass legislation through both chambers. The bill rescinds the mandates and taxes at the heart of the law. Obama has vetoed the bill, but the next President, if he is a Republican, will sign the legislation.
Nearly six years after passage, the health law remains unpopular because of sharp premium increases, disruptions in coverage, lost jobs and work hours, 20 new and higher taxes, and costly mandates on individuals and businesses. The Congressional Budget Office estimates today’s repeal bill would reduce the federal budget deficit by $516 billion over 10 years. The bill also would defund Planned Parenthood. The House version repealed only a handful of the health care law’s major provisions, while the Senate version canceled out many more, including ACA’s Medicaid expansion and several more health care taxes
House Budget Committee Chairman Tom Price explained that the vote, “…fulfills our responsibility to represent our constituents, and recognize what they know and that is that this law is not only harming the health of so many Americans in many, many ways across this country but the health our of economy. So what we will do is put this bill on the president’s desk that will repeal Obamacare, and will let the president then say whether or not he stands with the American people or whether he’s getting in the way of positive solutions.”
This vote sets the stage for next year for a Republican President to sign the legislation.
If Hillary Clinton wins the Presidency or Democrats take the Senate, all bets are off.