As more of Obamacare’s insurance marketplaces are “on the verge of imploding”—leaving some counties without a single insurance provider—House Republicans passed legislation last week to rescue Americans from this collapsing health care law. Known as the American Health Care Act (AHCA), the legislation is a major step forward in repealing $1 trillion of Obamacare’s crushing taxes and mandates, ending Washington’s intrusion into health care, and advancing conservative, free-market reforms that truly lower costs, increase choices, and expand access to health care.

In addition to bringing choices and competition back into the individual insurance marketplaces, the legislation gives Americans the freedom to choose the health care plan that’s right for them. Today, millions of individuals and families receive help accessing affordable, quality insurance through work or a government program. But for those who don’t, AHCA provides them with a monthly tax credit that is:

• Targeted toward low- and middle-income Americans who don’t already have access to health insurance through work or a government program.
• Based on age and family size so as their health care needs evolve over time, so will the size of their tax credit. Individuals and families will be eligible to receive a tax credit each year between $2,000 and $14,000. Vulnerable populations, including older, low-income, or rural Americans, may be eligible for additional support through the Patient and State Stability Fund.
• Advanceable, refundable, and credible so Americans of all walks of life—small business owners, entrepreneurs, or early retirees—can purchase a health care plan that’s right for them.

With these tax credits, individuals and families will have help paying premium costs for the major-medical plan that’s right for them—not one dictated by Washington. AHCA also provides nearly $90 billion for additional support—including enhancing the tax credit—for older Americans to access the care that meets their unique needs.

Americans deserve a health care law that allows them to make their own decisions. By repealing Obamacare and advancing 21^st century health care reforms, AHCA gives Americans that freedom.

CLICK HERE to read Ways and Means Committee Chairman Brady’s statement on AHCA.

CLICK HERE to read a summary of AHCA.

CLICK HERE to read the section-by-section of AHCA.