McCain Introduces Obamacare Repeal And Replacement Legislation [View all]
Source: TPM
DYLAN SCOTT – DECEMBER 18, 2013, 3:45 PM EST
Sen. John McCain (R-AZ) said Wednesday that he would introduce a bill to repeal Obamacare and replace it with his own set of reforms.
It appears to be the first comprehensive health care reform legislation that McCain has introduced during his three decades in Congress. It is composed of conservative pet policies, such as tax credits for individuals and tort reform to stem medical malpractice lawsuits. The bill comes as Republicans attempt to beat back criticism that they don't have a viable alternative to the Affordable Care Act.
McCain boasted that Douglas Holtz-Eakin, president of the conservative American Action Forum and the chief economic advisor to his 2008 presidential campaign, had concluded that the bill would save taxpayers $2.37 trillion in its first decade.
A formal bill has not yet been filed, but McCain offered a description on the Senate floor and said it would be a companion to a bill introduced by Rep. Tom Price (R-GA) in the House. The central tenet, tax credits for purchasing health coverage, was also included in McCain's 2008 presidential platform.
His full description is below (preliminary transcript):
Read more: http://talkingpointsmemo.com/livewire/mccain-obamacare-replacement-bill
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