A leaked GOP draft to repeal Obamacare would dismantle subsides and cut Medicaid expansion, according to Politico, who obtained a copy of the proposal. The legislation takes aim at the core of Obamacare, including the individual mandate, subsides based on income, and the law's taxes.
It would also create incentives to states that created high risk pools for some people with pre-existing conditions. Some changes would go into immediate effect, while others wouldn't be implemented until 2020.
The draft is dated Feb. 10, and it's uncertain if the legislation is the latest version that GOP members proposed.
This draft, however, would be paid for by limiting tax breaks on the health plans that people get from their places of employment.
The draft comes after President Trump and top Republican lawmakers warned that Obamacare 2.0 would soon be shared with the public. During a primetime speech Thursday to the Conservative Political Action Conference Trump said,
“America’s Obamacare nightmare is about to end,."
And House Speaker Paul Ryan said last week that Republicans would introduce a proposal after recess because the Congressional Budget Office and the Joint Committee on Taxation is in the midst of evaluating the bill's cost.
WATCH | House Speaker Paul Ryan addresses the repeal and replacement of Obamacare.
A recently conducted Pew Research Center showed that the majority of Americans--54 percent--approve of Obamacare.