Texas Insider Report: WASHINGTON D.C.During his first Joint Address last night President Trump called on Congress to act decisively to rescue Americans from Obamacares collapse. After highlighting how our broken health care system is failing the American people the President outlined his principles for legislation to repeal and replace Obamacare pointing out:
We should help Americans purchase their own coverage through the use of tax credits and expanded Health Savings Accountsbut it must be the plan they want not the plan forced on them by the Government.
House Republicans are working on legislation now that will do exactly that.
As Ways and Means Committee Chairman Kevin Brady (R-TX) has
said about our plan:
Critical to restoring the free market in insurance is to make sure that Americans have greater control of their health savings accounts. That theyre bigger and more flexible. Also we are discussing individual tax credits so Americans who dont get health care at work dont get it from a government program like Medicare or the VA can still have the option of choosing a plan thats personalized to their needs. That can travel with them throughout their lifetime thats adjusted for age because costs go up as you grow adjusted to your family as well. And can be used in plans that states approve.
This month the Ways and Means Committee will move forward with legislation to not only repeal Obamacare but replace it with the reforms President Trump laid out last night including:
- Enhancing Health Savings Accounts (HSAs) by empowering individuals and families to spend their health care dollars the way they want and neednot the way Washington prescribes. For example our proposal increases the amount of money an individual or family can put into their HSA and allows individuals and families to spend money from their HSA on over-the-counter health care items.
- Providing all Americans access to portable monthly tax credits that they can use to buy a health insurance plan thats right for themnot one tied to a job or a government-mandated program. The creditswhich are advanceable and refundableare based on age so as individuals health needs evolve over time so will their monthly portable tax credit. The credits can travel with them from job to job state to state home to start a business or raise a family and even into retirement.
We all agree Obamacare is failing Americans and must be repealed and replaced. As President Trump said last night
action is not a choiceit is a necessity. House Republicans heard our Presidents message loud and clear and are taking action this month to provide relief and deliver the lower costs higher quality and expanded health care options Americans deserve.
CLICK HERE to read Chairman Bradys full statement on the Presidents Joint Address.
CLICK HERE to read more about House Republicans health care plan A Better Way for Health Care Reform.
CLICK HERE to read more about the solutions Ways and Means Republicans are working to deliver.
