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Jeff Spross: Senate Republicans are planning to replace ObamaCare with … ObamaCare

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Well, when the House GOP passed its health-care reform bill earlier this month, even most Republican senators considered it too draconian. Among other things, many are reportedly concerned that the bill’s flat tax credit to help people afford premiums would leave millions of Americans without coverage. So instead of taking up the House bill at all, Republican senators are starting from scratch and reportedly coalescing around a refundable tax credit that adjusts up and down in response to household income. This is precisely what ObamaCare already does. If your household is at or below 400 percent of the federal poverty line, you get a refundable tax credit to help with premiums. And the poorer you are, the bigger the credits are to make sure you spend a smaller portion of your income on health coverage. There’s a lesson here.”

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