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Senate GOP brings Obamacare repeal bill out of the shadows

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Health care billSenate GOP leaders on Thursday finally released their secret health-care reform bill, which would repeal Obamacare taxes, restructures subsidies to insurance customers based on their incomes and phase out Medicaid's expansion program.

The bill, if passed into law, would sharply reduce financial aid that currently helps millions of people obtain health coverage, while at the same time offering a tax break to primarily wealthy Americans.

The bill would repeal, retroactive to the beginning of 2016, the Obamacare rule requiring most Americans to have some form of health-coverage or pay a tax penalty fine.

And it would repeal, retroactively to the beginning of 2016, the "employer mandate," which requires large employers to offer health insurance to workers or be fined.

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