With zero help from any Democrats, the Senate GOP has successfully repealed the very worst law imposed by Obamacare – the mandate for Americans to either buy health insurance from government-approved companies or pay a tax.
The repeal was approved as part of the 51-to-49 vote on the next tax-reform bill, bringing tax relief to almost all Americans.
But in addition to paying less to Uncle Sam, citizens are no longer required to purchase health insurance. Not only does the measure save American tax-payers thousands, even the liberal-biased CBO score admits that it will save over 300 billion – with a B – in entitlement spending.
More from The Hill:
Senate Republicans have approved the repeal of ObamaCare’s individual mandate as part of their tax-cut bill, a major step toward ending an unpopular part of the health-care law.
“Families ought to be able to make decisions about what they want to buy and what works for them — not the government,” Sen. John Barrasso (R-Wyo.) said, hailing the accomplishment.
“I believe if people don’t want to buy the ObamaCare insurance, they shouldn’t have to pay a tax penalty to the IRS.”
The Senate tax bill must still be reconciled with House legislation that does not include the mandate’s repeal. But that is unlikely to be a major issue, given support in the GOP conference for repealing the mandate.
Many experts and health-care groups warn that repeal will destabilize ObamaCare markets, leading to premium increases or insurers simply dropping out of certain areas. Without a financial penalty under the mandate for lacking health coverage, there is less incentive for healthy people to sign up and balance out the costs of the sick.
Some experts counter that the effects will not be as severe as others say, given that there are doubts the mandate had a strong effect on people to begin with.
Moderate Republicans are now pushing for bipartisan ObamaCare fixes to help stabilize insurance markets, setting up a showdown with conservatives.
The mandate’s repeal was not part of the original tax-reform measure released by the Senate Finance Committee, and Chairman Orrin Hatch (R-Utah) previously said he wanted to keep the divisive health-care issue separate from taxes.
But President Trump, along with Senate conservatives such as Sen. Tom Cotton (R-Ark.), made a vocal public push for its inclusion.
Remember, when you hear rich, pampered Democrats and RINOS talk about the “dark day” for America that the tax cuts represent…
…what they’re really upset about is having to give some of your money back.