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Politics

Ryan unveils Republican alternative to Obamacare

Opening sequence

Opening sequence

Politics

Ryan unveils Republican alternative to Obamacare

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COMING UP:Ryan unveils Republican alternative to Obamacare

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Transcript

00:00:00
>> House Speaker Paul Ryan unveiling the long awaited Republican alternative to Obamacare. The plan, part of Ryan's blueprint called A Better Way, challenging Democratic party policies ahead of the presidential election. The proposal, coming six years after Obamacare first became law, would keep in place some of it's more popular aspects, such as ensuring coverage for those with preexisting conditions and allowing children to stay on their parent's plans until age 26.
00:00:30
It also maintains the expanded Medicaid provision offered to states under Obamacare. But the Ryan proposal includes long-held Republican positions, including allowing consumers to buy health insurance across state lines, expanding the use of health savings accounts, and giving states block grants to run Medicaid programs. One key difference, the plan eliminates the requirement that most Americans carry health insurance.
00:00:57
Obamacare proponents say that mandate is necessary to ensure enough healthy people carry insurance in order to keep premiums low. Ryan's plan instead offers a tax credit to those that buy insurance. The Obama Administration says 20 million more Americans have gained health insurance because of the Affordable Care Act.