Senate GOP releases ObamaCare repeal bill with deep cuts to Medicaid

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Senate Republican leaders on Thursday released a draft of their long-awaited ObamaCare repeal-and-replace bill ahead of a high-stakes vote expected next week.

The measure includes deep cuts to Medicaid and fundamentally reshapes that program from an open-ended government commitment to a system of capped federal payments that limit federal spending.

The bill repeals billions of dollars in taxes that were used to raise money for ObamaCare’s coverage expansion and also abolishes the law’s mandates to buy coverage.

The tax credits under ObamaCare to help people buy private coverage would be kept but reshaped so that they are less generous and cost the government less money.

“It’s time to act because ObamaCare is a direct attack on the middle class and American families deserve better than it’s failing status quo,” Senate Majority Leader Mitch McConnell (R-Ky.) said Thursday. “They deserve better care. That’s just what we’re going to continue to work to bring them.”

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