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The Center for American Progress reports [thinkprogress.org][1]

House Republicans released on Monday a plan to undo Obamacare that will likely leave millions more Americans uninsured [bostonglobe.com].

After significant internal division about the path forward on Obamacare, lawmakers unveiled two [house.gov] [PDF] bills [house.gov] [PDF] that, taken together, would repeal and replace President Obama's signature health care reform law. House committees are expected to hold votes on the bills as early as this week.

Here's what you need to know about the legislation, and what it says about the House GOP's plan for the future of health insurance in America:

• It includes massive cuts to Medicaid, the program that provides coverage for millions of low-income Americans.
• It defunds Planned Parenthood and eliminates abortion coverage.
• It includes a big tax break for insurance companies that pay their CEOs more than $500,000 per year.
• A significant portion of the bill is devoted to ensuring [that] lottery winners don't have access to Medicaid.
• It could trigger a "death spiral" in the individual insurance market.
• • The proposed replacement plan confronts the same issue that Republican lawmakers in Congress have been grappling with for quite some time: How do you preserve the most popular parts of Obamacare, eliminate the least popular popular parts of Obamacare, and keep the insurance industry functioning smoothly [thinkprogress.org]?[1]
  • The GOP's proposal would maintain Obamacare's requirement that insurers need to cover people with preexisting conditions. But it would also scrap the law's main avenue of balancing out those sick people with younger, healthier enrollees--the individual mandate that requires all Americans to sign up for health insurance or pay the IRS a fee.
  • Instead, the GOP measure introduces a provision that requires "continuous coverage". Essentially, anyone who goes without insurance for two or more months and then tries to sign up for coverage again will be required to pay 30 percent more [twitter.com] on their premiums for the next year.
• It will result in a lot fewer people having health insurance.

[1] ThinkProgress adds tracking identifiers to URLs. I have removed those.

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