5 Things You Should Know about Tom Price
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Thomas Edmunds Price is a Republican politician currently serving as the U.S. Representative for Georgia’s 6th congressional district (Atlanta suburbs) since 2005.
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He is a physician who specializes in Orthopedic Surgery. He graduated medical school from the University of Michigan and completed his residency at Emory University.
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Price has sponsored many bills over the years offering an alternative to the Affordable Care Act (Obamacare), which Republicans consider a quintessential piece of their list of programs to reform America called “A Better Way”.
- Jun 2007: H.R. 2626 – Comprehensive HealthCARE Act of 2007
- Jul 2009: H.R. 3400 – Empowering Patients First Act
- Jun 2011: H.R. 2077 – MLR Repeal Act of 2011
- Sept 2011: H.R. 3000 – Empowering Patients First Act (reintroduced)
- Jun 2013: H.R. 2300 – Empowering Patients First Act of 2013 (reintroduced)
- May 2015: H.R. 2300 – Empowering Patients First Act of 2015 (reintroduced)
- June 2015: H.R. 2650 – Restoring Equity, Saving Coverage, and Undoing Errors Act of 2015
- Feb 2016: H.R. 3762 – To provide for reconciliation pursuant to section 2002 of the concurrent resolution on the budget for fiscal year 2016. (Vetoed by President Obama)
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After HHS released a report showing that health plans sold on the Health Insurance Marketplaces will increase by an average of 25% in 2017, Price released the following video on Oct 1st
5. Tom Price’s Repeal & Replacement plan consist of the following key provisions:
- The full repeal of the Patient Protection and Affordable Care Act (Obamacare).
- Tax credits based on age adjusted for inflation:
- $1,200 for those between 18 to 35 years of age
- $2,100 for those between 35 and 50 years of age
- $3,000 for those who are 50 years and older
- $900 per child up to age 18
- Freedom to opt out of Medicaid/Medicare programs.
- More flexibility around Health Savings Accounts, tax sheltered accounts used for IRS approved health care costs.
- Limits on Employer health coverage deductions for tax purposes.
- Federal grants for high risk pools to pay for costs of the neediest patients.
- Ability for small businesses to band together across state lines as an association to buy health insurance.
- Ability for people to buy health insurance across state lines.
- Changes the burden of proof requirements in malpractice law suits that favor physicians.
- Increase transparency and quality in plan offerings.