By Jon Reid
February 24, 2017 at 1:15 pm ET
A draft of a House GOP measure to repeal the Affordable Care Act would dole out $100 billion to help states provide coverage to people with pre-existing conditions in the absence of the health insurance mandate, according to a draft obtained by POLITICO and published Friday.
The $100 billion, which would be allotted to states over a decade, is quadruple the amount that was first proposed by House Republican leaders, but still falls short of what experts say is needed to cover the bulk of the population that has existing health conditions. The draft bill also has a continuous coverage requirement: People who drop their health plan early would be hit with a 30 percent hike in their premiums for the rest of the year.
The overall draft bill, which would be passed under reconciliation rules, hews closely to the blueprint proposed by House Republican leaders earlier this month. The draft includes a number of provisions that could find opposition from both GOP moderates and the far right. Some of the provisions would be implemented immediately while others would be delayed until 2020. House Speaker Paul Ryan (R-Wis.) said the legislation will likely be formally released next week.
Here are the highlights: