CRAMER: HOUSE VOTES TO REPEAL OBAMACARE AND DEFUND PLANNED PARENTHOOD
"Obamacare has been an absolute failure," said Cramer. "It has driven up the cost of health care and insurance premiums for millions of Americans and their families. The fact is for the first time in many years both the
In addition to dismantling Obamacare, the bill diverts funds from abortion providers such as
Cramer spoke about the need to defund
H.R. 3762 passed both houses using the budget reconciliation process. It allows
Summary of H.R. 3762, Restoring Americans' Healthcare Freedom Reconciliation Act of 2015
Dismantles Obamacare
* Eliminates the Individual Mandate penalty tax effective retroactively
* Eliminates the Employer Mandate penalty tax effective retroactively
* The premium assistance tax credit and cost sharing subsidies are repealed beginning in 2018
* The
* Repeals all Obamacare taxes including:
* 40 percent Excise Tax on High Cost Health Plans (so-called
* Medical Device Tax
* Health insurance Tax
* 0.9 percent payroll tax on wages and self-income and the 3.8 percent tax on dividends, capital gains and other investment income
* Prohibition on using FSA or HSA funds to purchase over-the counter (OTC) medications
* Indoor tanning tax
* Annual fee on manufacturers and importers of brand name prescription drugs
* Repeals the
* Repeals the transitional reinsurance program
Defends Life
* Provides for a one-year moratorium on all federal mandatory funding to nonprofit providers of elective abortion services that receive more than
Invests in
* The bill authorizes and appropriates
* Awards grants to states to address substance abuse or to respond to urgent mental health needs.
Protects Taxpayers
* According to the
* The repeal of the Obamacare taxes and mandate penalties would cost
* Therefore, H.R. 3762 would reduce the deficit by
Read this original document at: http://cramer.house.gov/media-center/press-releases/cramer-house-votes-to-repeal-obamacare-and-defund-planned-parenthood


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