GOP Barack Obamacare Alternative Coming Soon

Posted by: : Paul EbelingPosted on: March 20, 2015 GOP Barack Obamacare Alternative Coming Soon

GOP Barack Obamacare Alternative Coming Soon

House Speaker John Boehner (R-OH) said Thursday that the Republicans will have an Barack Obamacare alternative on the table “soon.”

“Committees are continuing to work on that, and I’m sure we’re gonna see one soon,” Speaker Boehner said.

Several proposals have been offered by Republican lawmakers to repeal and replace President Barack Hussein Obama’s signature healthcare law, although they haven’t gone anywhere.

Republicans released an outline of a healthcare proposal in February that gets rid of the individual mandate, ends federally run health insurance marketplaces, ends the medical device tax, but would offer tax credits and more flexibility for states and health insurance companies.

The House voted in February to repeal Barack Obamacare, which is the 4th time House Republicans have tried to repeal the healthcare law.

The Obama White House issued a statement prior to the vote in February, saying that it will veto any attempts by Congress to repeal Barack Obamacare.

Senators. Orrin Hatch (R-UT), and Lamar Alexander (R-TN) co-sponsored a bill in January aimed at ending the individual mandate as Americans face tax penalties for the 1st time if they did not purchase health insurance in Y 2014.

Sen. Ted Cruz (R-TX) introduced the (Barack) Obamacare Repeal Act in the Senate earlier this year, calling the measure “pro-growth, pro-jobs, and pro-liberty.”

Republican lawmakers said that they are also working on Barack Obamacare proposals in the event that the Supreme Court rules in favor of King v. Burwell, which would scrap subsidies for those who have purchased health insurance through the federal government.

Stay tuned…


Paul Ebeling

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

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