UPDATE: House Republicans successfully passed their bill to repeal and replace Obamacare, 217 in favor of the bill and 212 against.
At 1:15 pm on Thursday, the House of Representatives is scheduled to vote on the American Health Care Act — the latest attempt by Republicans to partially repeal and replace the Affordable Care Act, or Obamacare.
The bill replaces Obamacare’s income-adjusted subsidies with a flat (and overall less generous) tax credit; it overhauls and dramatically cuts Medicaid; and it allows states to get waivers from Obamacare requirements that protect people with preexisting conditions. (Read more about what’s in the bill from Vox’s Sarah Kliff.)
If enacted, it would greatly reduce funding for Obamacare’s coverage programs, leaving millions fewer people with health insurance. It would benefit people who are higher-income and healthy, and disadvantage the elderly, sick, and low-income people who rely on the health law’s programs.
If the bill passes the House Thursday, it will proceed to the Senate — which might end up writing its own bill, or making big changes to the House version, to address senators’ concerns. President Donald Trump is a strong supporter of the bill, and has negotiated with individual members of the House to get them on board.