5 things to know about the GOP's plans for ACA replacement

GOP leaders discussed part of their ACA replacement plan with party members in Washington, D.C., on Feb. 16, 2017, the New York Times reports.

Here are five things to know about their plans:

1. The plan would rely on tax credits to pay for individual insurance purchases.

2. GOP leaders would also substantially lower federal payments to the 31 states that opted to expand Medicaid. However, Republicans wrote in a document outlining their plan that they would not "pull the rug out from anyone who received care under states' Medicaid expansions."

3. The NYT reports the GOP did not delve into how they would pay for the replacement and did not say how many Americans would gain or lose coverage under the new healthcare plan.

4. The plan would more readily allow Americans to buy coverage from across state lines, which President Donald Trump supports. HHS Secretary Rep. Tom Price, MD, (R-Ga.), told Republicans that President Trump is "all in on this."

5. House Speaker Paul Ryan (R-Wis.) said "We intend to introduce legislation to repeal and replace Obamacare. It has become increasingly clear that this law is collapsing. People's premiums are getting higher and higher. Their deductibles are soaring, and their choices are dwindling."

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