6 Things to Know About the American Health Care Act
The American Health Care Act, developed by Republican Leadership, is up for its first vote in Congress. Here are some key points.
#1 The American Health Care Act is Largely Based on Tax Credits
The American Health Care Act proposal released March 6th relies on refundable tax credits to help individuals pay for premiums. Refundable tax credits vary with age, are to be phased-out for those with high-incomes and grow annually with inflation, according to the Kaiser Family Foundation.
There are tax credits under Affordable Care Act (ACA) that vary with family income and insurance costs as well as age, which also grow annually if premiums increase.
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