Fox News
Expand
Browse All Video
Watch Live

You're watching...

GOP approach to funding health care

Details

  • Description

    How would Republicans replace ObamaCare?

  • Duration 2:50
  • Date

Clips

Also in this playlist...

Special Report

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

On Thursday we told you about Republican plans for health care should obamacare be repealed and replaced.

Tonight our chief national correspondent Jim Angle looks at how the GOP plans to pay for their ideas.

Part of the effort to repeal and replace the president's health care plan as Republicans see it is to find a way to help the uninsured buy insurance.

The president relies on a stick the mandate to force people to buy insurance Republicans have a different approach.

Many on the other side see that there is an alternative if we actually use carrots and provide the right incentives for people to want to buy health insurance and actually give them more choices.

For the health care coverage that they think is up valuable to them.

Republican lawmakers -- you can't have millions of uninsured in the country without creating chaos for the health care system.

So some analyst proposed tax credits to help people buy insurance.

I think we ought to have a tax credit of about 2500 dollars for an adult.

I think a family of four can get about 8000 dollars.

And that would by the core insurance -- we want everyone to have that gets us closer to universal coverage than obamacare does this allows the fifty million individuals that are currently uninsured.

To be able to actually have the money to go out and purchase and -- competitive market their own insurance.

Helping people who want insurance but simply can't afford it.

Conservatives who take the 300 billion or so announcement to subsidize health care and simply turn it into what are called refundable tax credit.

Meeting people get the designated money even if they don't pay that much in taxes with the refundable tax credits you can really have universal coverage one hope is to eliminate a bias in the tax code right now everyone who gets health insurance through their employer gets -- tax free.

While individuals and small businesses get no -- self.

That's not fair.

But it's arbitrary.

And we need to have a level playing hereby health insurance on your on you have to use after tax dollars to buy your health insurance that -- -- -- a level playing field of.

Very good idea for us to equalize the tax treatment of health insurance for those that are working on their own or an unstable.

Work environments at a small company we want to give them the same benefit that those of us.

Have had for many years who work for much larger companies.

One question has -- a structured the tax credits are they available just for the uninsured or should they be used for Medicaid as well which the president wants to expand by some seventeen million.

But it reimburses so little that the poor often cannot find a doctor.

A lot of folks right of center would like to see them eventually expanded into the Medicaid population.

So that you would have a tax credit now allow them to get off public insurance and go out and -- competitive marketplace and pick the insurance that's best for them.

So Republicans argue this is -- way to help the uninsured buy insurance without restructuring the entire health care system or raising taxes.

John Jim Angle tonight Jim.

Load More