Bracing for a possible end to federal subsidies for states that enroll their residents through Healthcare.gov, leading Republicans are busy preparing a legislative response to King v. Burwell should the U.S. Supreme Court strike such assistance from the Affordable Care Act.
Senate Committee on Finance Chairman Orrin G. Hatch (R-Utah), Sen. Richard Burr (R-N.C.) and House Energy and Commerce Committee Chairman Fred Upton (R-Mich.) reportedly have crafted a plan that would cap tax credits at up to 300% of the federal poverty level from the current 100% to 400% range.
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