Monday evening, House Republicans released their long-awaited "American Health Care Act," the GOP's plan to repeal and replace the Affordable Care Act.

While the bill strips away much of the ACA, it also retains some of its more well-liked provisions.

For example, the bill would eliminate the individual mandate that requires most Americans to have health insurance or pay a penalty and the employer mandate requirement that large employers offer coverage to their employees, but it would allow children to continue to remain on their parent's plan through age 26, keep the prohibition on denying coverage based on a pre-existing condition, and would still require a simplified version of employer reporting for offers of coverage made via the employee's W-2.

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