This Thursday, House Republicans passed American Healthcare Act (AHCA) to repeal and replace Obamacare. Curious to know what the newly passed GOP Health Care bill does? How will it affect the U.S. health care system? Here are some highlights that you need to know about the Obamacare Repeal bill- Repeals Affordable Care Act Subsidies: AHCA will eliminate the subsidies that are part of Obamacare . These subsidies are based on the incomes of individuals as well as on the regional differences in health insurance costs. Presently, individuals whose earning is under $47,500 and families of four making under $97,200 are eligible for subsidies under the law. This provision will take effect in 2020. Age-based Tax Credits Will be Created: In GOP Health Care bill, the subsidies are replaced by age-based tax credits. The credits will range from $2,000 for individuals who are in their 20s and will rise up to $4,000 for those...