Izmir Service Area

Democrats on the House Ways and Means Committee released a bill Thursday that would repeal the Affordable Care Act’s individual mandate and tax credits for health insurance.

The measure, which was introduced by Rep. Pete Sessions (R-Texas), would repeal key parts of the ACA and replace it with a single-payer, publicly funded health system.

The legislation, which would still require Congressional approval, would replace the individual mandate with a per-person cap on out-of-pocket costs, while the tax credits would be scaled down for individuals with incomes below $80,000.

Republicans are pushing the legislation as a key part of a broader plan to repeal and replace the ACA.

The legislation is also opposed by the insurance industry, many conservatives and some Republicans in Congress, including Speaker Paul Ryan (R., Wis.).

The bill is part of the bipartisan package of measures that President Donald Trump and Democratic leaders unveiled Wednesday to help dismantle the Affordable Act.

The bill also would extend tax credits and make other changes to the tax code.