Senate Republicans unveil health care bill scuttling Obama law, cuts Medicaid, slashes taxes for wealthy

(AP Photo/J. Scott Applewhite)

WASHINGTON (AP) — Senate Republicans have released a 142-page draft of their bill to eliminate much of the Obama health care law.

The measure would cut and revamp Medicaid, the health care program for lower-income and disabled people.

It would repeal tax increases Obama’s law imposed on higher-income people and medical industry companies to pay for expanded coverage. And it would end the tax penalty Obama’s statute imposes on people who don’t buy insurance – in effect, ending the so-called individual mandate.

Majority Leader Mitch McConnell is hoping to push the measure through the Senate next week. But its fate remains uncertain.

It faces uniform Democratic opposition. And at least a half-dozen Republicans – both conservatives and moderates – have complained about it.

Read the full text of the bill.

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