President-elect Donald Trump’s decision to name Georgia Rep. Tom Price as the new secretary of the Department of Health and Human Services gives us a good idea of how Republicans will repeal Obamacare. Price, a doctor, understands both health care and policy. He introduced his own Obamacare replacement plan in 2013 and updated it in 2015.
Price’s plan, which seeks to create a consumer-driven health care model and is already in legislative language, is very similar to House Speaker Paul Ryan’s “A Better Way” health care reform outline released earlier this year. All of which means the Price plan will likely provide the framework for the Republican plan.
The three main components of the Price bill are: 1. Provide tax credits for those without employer coverage, 2. A solution for those with preexisting conditions, and 3. Expand Health Savings Accounts.