Breaking News: House Passes New Healthcare Law

Today, by a vote of 217-213, the House of Representatives passed a healthcare bill to repeal and replace certain provisions of the Obamacare (20 republicans voted against it).

It will now head to the Senate.

Here are a few excerpts from the bill:

 

HR1628

(Sec. 205) This section repeals the penalties for individuals who are not covered by a health plan that provides at least minimum essential coverage (commonly referred to as the individual mandate). The repeal is effective for months beginning after December 31, 2015.

(Sec. 206) This section repeals the penalties for certain large employers who do not offer full-time employees and their dependents minimum essential health coverage under an employer-sponsored health plan (commonly referred to as the employer mandate). The repeal is effective for months beginning after December 31, 2015.

(Sec. 211) This section repeals the medical device excise tax for sales in calendar years beginning after December 31, 2017.

 

The bill was passed under a legislative process called “Budget Reconciliation”, which was created by the Congressional Budget Act of 1974. It allows for a simple majority approval of certain tax and spending legislation. These types of bills cannot be filibustered by the Senate.

 

Two other bills were passed as well.

HR 2192 – passed 429-0 – It is a bill that requires members of Congress and the Senate to have the same health insurance plans as those offered to the average citizen.

HR 1644 – passed 419-1 – This bill increases sanctions against North Korea and expands the authority of certain entities (such as the president) to enact those sanctions.