The Republican healthcare plan’s first draft, unveiled on Tuesday and titled The American Health Care Act, has raised immediate concerns about the negative impact it will have on millions of people particularly older and lower-income Americans.
Under the new plan, Americans will no longer be required to purchase medical insurance but would provide a tax credit between $2,000 and $4,000, depending on the individual’s age, with older people receiving a higher credit. The amount does not vary by state, making the credit more valuable in areas with lower healthcare costs.
The plan would go into full effect in 2020.
