Obamacare Replacement Act

[AI summary unavailable — showing source text] Obamacare Replacement Act This bill amends the Internal Revenue Code, the Public Health Service Act, the Employee Retirement Income Security Act of 1974 (ERISA), and the Social Security Act to repeal certain provisions regarding health insurance, including: the requirement for individuals to maintain minimum essential coverage, limitations on insurers varying premiums by age or health status, requirements for health insurance to cover preexisting conditions, and the prohibition on lifetime or annual limits on benefits. The bill allows a refundable tax credit for a percentage of health insurance premiums and a tax credit for health savings account (HSA) contributions. The bill eliminates HSA contribution limits and allows all individuals to make contributions to HSAs. HSAs may be used to pay for over-the-counter medications and health insurance. HSA distributions for abortion are subject to income tax. The tax deduction for medical care is expanded to include exercise equipment and services, nutritional supplements, and certain primary care fees. Physicians may deduct uncompensated and charity care. The bill provides for the establishment and governance of: (1) independent health po…