What’s inside the Republican health care bill

Source: Nicole Ridgway & Tami Luhby, CNNMoney

Repeal the Obamacare subsidies. The GOP's plan would eliminate the Obamacare subsidies, which are advanceable refundable tax credits based on a person's income and cost of coverage in their area.

Provide refundable tax credits based on age and income instead. The Republicans want to issue advanceable refundable tax credits to help people afford coverage on the individual market, but these credits will be based mainly on a person's age.

The Republican plan seeks to allow insurers to impose a 30% surcharge on the premiums of those who let their coverage lapse for at least 63 days.

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