U.S. House Speaker Paul Ryan says House Republicans are working ''hand in glove'' with the Trump administration on repealing and replacing Obamacare. Rough Cut (no reporter narration).
ROUGH CUT (NO REPORTER NARRATION) U.S. House Speaker Paul Ryan says the Republican plan to replace Obamacare is "monumental, exciting, conservative reform." Speaking at a news conferece on Wednesday, Ryan said House Republicans are working "hand in glove" with Trump's administration to reshape legislation that dismantles key provisions of the 2010 Affordable Care Act, which was Democratic former president Barack Obama's signature domestic policy achievement. The Republican plan unveiled on Monday would scrap Obamacare's requirement that most Americans obtain medical insurance and replace its income-based subsides with a system of fixed tax credits of $2,000 to $4,000 to coax people to purchase private insurance on the open market. The plan faces significant hurdles in Congress.