“Dr. Rand Paul Unveils Obamacare Replacement Act”—A Reminder Of The Healthcare Reform We Should Be Supporting

[Senator Rand Paul | Circa 2015 | Photo: "Las Vegas Sun" via AP MANDATORY CREDIT]
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In Washington, DC, as of January 24th, Senator & Physician Rand Paul proposed the Obamacare Replacement Act (S. 222). This will enable Congress to avail a healthcare plan that correlates and bolsters well with conservative reforms. It’ll be up for an instant vote upon the Affordable Care Act being repealed. No matter US citizens’ medical background, Dr. Paul’s bill enables more Americans to receive cheaper-yet-better healthcare.

[Dr. Rand Paul at a luncheon meeting. | Circa 2010 | Photo: Ed Reinke/AP]
“Getting government out of the American people’s way and putting them back in charge of their own health care decisions will deliver a strong, efficient system that doesn’t force them to empty out their pockets to cover their medical bills,” Dr. Paul said in a press release. “There is no excuse for waiting to craft an alternative until after we repeal Obamacare, and the Obamacare Replacement Act charts a new path forward that will insure the most people possible at the lowest price.”

Dr. Paul’s Obamacare Replacement Act enables US citizens to:

1. Select cost-effective insurance unbound from government.
2. Gain infinite savings in their health-reserves account (HAS) and access to broader selections for those funds.
3. Purchase out-of-state insurance.
4. Unify in voluntary efforts to build leverage from being in an organized, insurance pool.

Paul is the trailblazer for ridding Obamacare from the US simultaneously with his proposed bill. He’s also part of the effort in pushing for organized action by brethren Republicans (re: President Trump and Speaker of the House Paul Ryan).

Below is Dr. Paul’s summarized plan, or see the detailed version HERE.

DR. RAND PAUL’S OBAMACARE REPLACEMENT ACT, S. 222:

Legalizes Inexpensive Insurance Plans:

Ensures Americans can purchase the health-insurance coverage that best fits their needs.
Eliminates Obamacare’s essential health benefits requirement, along with other restrictive coverage and plan requirements, to once again make low-cost insurance options available to American consumers.

Protects Individuals with Pre-Existing Conditions:

Provides a two-year open-enrollment period under which individuals with pre-existing conditions can obtain coverage.
Restores HIPAA pre-existing conditions protections. Prior to Obamacare, HIPAA guaranteed those in the group market could obtain continuous, health coverage regardless of pre-existing conditions.

Helps More People Save To Buy Health Insurance and Cover Medical Costs:

Incentivizes savings by authorizing a tax credit (up to $5,000 per taxpayer) for individuals and families who contribute to HSAs.
Removes the annual cap on HSAs so individuals can make unlimited contributions.
Allows HSA funds to be used to purchase insurance, cover premiums, and more easily afford a broader range of health-related expenses—including prescription and OTC drugs, dietary supplements, nutrition and physical-exercise expenses, and direct primary care (among others).

Guarantees Fair, Tax Treatment of Health Insurance:

Equalizes the tax treatment of the purchase of health insurance for individuals and employers by allowing individuals to deduct the cost of their health insurance from their income and payroll taxes.
Frees more Americans to purchase and maintain insurance apart from their work status.
Does not interfere with employer-provided coverage for Americans who prefer those plans.

Helps Individuals Join Together to Purchase Insurance:

Expands Association Health Plans (AHPs) to allow small-business owners and individuals to band together across state lines through their membership in a trade or professional association to purchase health coverage for their families and employees at a lower cost.
Also allows individuals to pool together through any organization to purchase insurance.
Widens access to the group market and spreads out the risk, enhancing the ability of individuals and small businesses to decrease costs, increase administrative efficiency and further protect those with pre-existing conditions.

Allows the Purchase of Insurance Across State Lines:

Creates an interstate market that allows licensed insurers to sell policies in one state to offer them to residents of any other state.

Increases, State Medicaid Flexibility:

Enables states to fully exercise current flexibilities afforded to them through Medicaid waivers for creating innovative, state-plan designs.

Empowers Physicians:

Allows non-economically aligned physicians to negotiate for higher-quality healthcare for their patients.
Amends the Internal Revenue Code to allow a physician a tax deduction equal to the amount such physician would otherwise charge for charity, medical care or uncompensated care due to bad debt, limited to 10 percent of a physician’s gross income for the taxable year.

Take a moment to absorb and process all this pertinent information.

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