(NBC News) – President Donald Trump touted a legislative victory after passing a revised American Healthcare Act in the House of Representatives.
The Senate may not get to the American Healthcare Act for months it faces an even tougher challenge than the House.
President Donald Trump taking pride in Republicans’ first step to dismantle Obamacare. “We have something that I think is going to be one of the very best in the world, and we look forward to it,” said President Donald Trump.
Earlier in the rose garden, it was one big party after a revised American Healthcare Act passed the house. “This is a repeal and a replace of Obamacare. Make no mistake about it,” said President Donald Trump.
Republicans say it will lower the price you pay for health care.
Children can remain on their parents plan until the age of 26.
The bill also prohibits caps on annual and lifetime coverage
Democrats say it will be the fuel needed to win back the house in 2018. “This vote will be tattooed to them. I also said they will glow in the dark,” said House Minority Leader Nancy Pelosi, (D) California.
The bill faces an enormous challenge in the senate. Senator Bernie Sanders says it’s a bad bill and there are loopholes. “They’re gonna raise premiums very significantly for older workers. They’re gonna cut Medicaid by some $800 billion dollars,” said Senator Bernie Sanders, (I) Vermont.
With 52 Republican senators, they can only afford two defections for the bill to pass
The American Healthcare Act also scraps the individual mandate removing penalties for not having health insurance.
In addition it eliminates subsidies for low income people in the marketplace adding tax credits at the end of the year.