hey, let s begin with a name change. the affordable care act would now be the american care act. l here are three big changes. the new tax credits would be age based, not income based, starting at $2,000 for people in their 20s going up to $4,000 for people over 60. credits are reduced for those who make $75,000 a year and phased out altogether for those making $215,000. the new bill rolls back the expansion of medicaid which is a point of contention for republican lawmakers whose constituents rely heavily on medicaid.t individual mandate and employer mandate is out. if you do not have insurance, you no longer have to pay a fine. here s what stays the same. you can still get insurance with pre-existing conditions and you can still stay on your parents
revealed its replacement for that law. for details we are joined by trace gallagher. hey, let s begin with a name change. the affordable air care act wod now be the the new tax credits would be age based, not income based, starting at $2,000 for people in their 20s going up to $4,000 for people over 60. credits are reduced for those who make $75,000 a year and phased out altogether for those making 215,000. the new bill rolls back the expansion of medicaid which is a point of contention for republican lawmakers whose constituents rely heavily on medicaid. employer mandate is out. if you do not have insurance, you know longer have to pay a fine. here s what stays the same. you can still get insurance with