The Trump administration has proposed a sweeping overhaul of the U.S. health care system.
Here’s what you need to know.
The plan: The Trump team is proposing to gut the ACA, a health care law passed by Congress in 2010 that gives millions of Americans coverage through their jobs.
The ACA, the Congressional Budget Office says, provides the United States with a “universal” health care coverage program that is “universal, affordable, effective, and inclusive.”
Under Trumpcare, employers would be forced to provide health insurance to all workers.
They would also have to pay for their employees’ coverage.
Workers would also be required to pay more for insurance and other benefits, such as prescription drugs, which the Trump plan calls a “subsidy.”
The details: The plan is described as a “single-payer system,” meaning that all Americans would have access to coverage at a single, nationwide provider, with subsidies for individuals, families and small businesses.
It also proposes a new “Medicare-for-All” plan that would be funded through a new tax on corporate income.
The impact: The Affordable Care Exchange would be dismantled, which would mean the end of the individual market for most Americans, as well as for many employers who currently offer health insurance.
It would also mean the elimination of subsidies for employer-sponsored health insurance and the establishment of an all-payer health care program.
The new plan would require all employers to offer health coverage to all employees, and would allow employers to charge higher premiums to employees who buy coverage.
The bill would also create a new, government-run insurance market to compete against the private market, with an additional $20 billion in tax credits to help low-income workers buy insurance.
The timeline: Trumpcare is scheduled to take effect in 2020.
The CBO says the final legislation will be unveiled in 2019.