Senate Majority Leader Mitch McConnell, R-Ky., unveiled his party's newly revised healthcare bill Thursday, which includes some key changes from earlier drafts, according to the New York Times.
Below are five of the biggest developments in the newly drafted Better Care Reconciliation Act.
- New rules, first introduced by Sen. Ted Cruz, R-Texas, would allow insurers to sell plans on state exchanges that do not comply with minimum coverage standards so long as they also offer plans that do comply with those standards.
- The bill would allow people to pay their premiums using tax-friendly health savings accounts.
- The investment income and payroll taxes on wealthy individuals that earlier drafts of the bill attempted to repeal are retained in this version of the bill.
- The bill includes $45 billion in additional funding for combating the opioid epidemic.
- The bill allows tax credits to be used to purchase catastrophic insurance plans, which offer low premiums but high deductibles.
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