Republicans Want To Replace Obamacare With Universal Access Bill[VIDEO]

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Republicans want to snub the Obama care bill passed by the current administration. The Obamacare, otherwise called Affordable Care Act was accessed by nearly 20 million US citizens for the health cover. Replacing this with a new one without tangible benefits would draw the public ire.

According to The New York Times, an Obama Administration official has said that the Affordable care Act has brought down the number of Americans without health insurance to the lowest levels. Any tampering or repealing of the Act will make the individuals uninsured and put their health lives at risk.

However, Republicans rubbished the above as a "big lie". One Republican aide states that "Our goal here is to make sure that everybody can buy coverage or find coverage if they choose to".

Republicans further dispelled fears of public by stating "We can reassure the American public that the plan they are in right now, the Obamacare plans, will not end on Jan. 20," Donald J. Trump will be taking oath as the US president on January 20, 2016.

All citizens will be given a couple of options to choose the best one that suits the individual. The transition period would be as short as 2 years to as long as 3-4 years for individuals to shift to the new health care plan.

The US House Speaker, Mr. Paul Ryan expressed that the insurance markets are losing on high premiums and patients are unable to choose the required health plans in the current Act.

Obama officials counter the claims, stating that the current Act has ensured that those without health insurance are levied heavy tax penalties. In 2014, the Internal Revenue Service has sent tax penalties to 8 million individuals without health insurance.

Holding both Congress and Senate, Republicans are hell bent on pushing forward the new Universal Access Act. They assert that the new law will enable everyone to access health coverage to some degree. As per Fiscal Times, Republicans still didn't have a concrete plan to go forwards as of now. Also, it is still unclear whether Republicans would continue the cost-sharing subsidy payments.