Senate tax bill yanks Obamacare mandate

By -NO AUTHOR-

(CNBC) — The proposed Republican tax reform bill will include repeal of Obamacare’s individual mandate requiring most Americans to have some form of health insurance or pay a tax penalty, GOP leaders said Tuesday.

The decision means that Republicans, yet again in 2017, will attempt to gut a key element of the Affordable Care Act.

So far, such efforts have failed because not enough Republican senators have backed the idea of repealing the mandate, which would lead to an estimated 13 million more people lacking health insurance.

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