posted January 27, 2014 07:40 PM            

Insurers would be prohibited from dropping individuals purely because of health status. Further, any consumer who has received “continuous coverage” from any insurer for at least the past 18 months could not be denied a health policy from other insurers if they switch plans and wouldn’t be forced to pay higher premiums. But there is no mention of simply denying coverage if an individual has had none. And presumably, the higher pricing ratio would help insurers cover costs.

“The American people have found out what is in Obamacare — broken promises in the form of increased health care costs, costly mandates, and government bureaucracy. They don’t like it and don’t want to keep it,” Burr said in a prepared statement. “Our nation’s health care system was unsustainable before Obamacare, and the president’s health care plan made things worse.”

Other changes the legislation proposes include offering tax breaks on health policies for those making up to 300% of the federal poverty level, or $34,470 as of 2013, instead of Obamacare’s 400% level. It also would put caps on Medicaid, limit medical malpractice lawsuits and would cap the tax breaks that employers get for offering coverage to bring them in line with individuals who pay for their own insurance.

The senators say the proposal is designed to limit the costs that Obamacare imposes in higher out-of-pocket costs on premiums and deductibles, as well as eliminate mandates that they claim are driving up the price of health care.