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Such a proposal would likely cost the government far more than the $15 billion total over nine years that Republicans have provided for. (Photo: iStock)

A Republican health-care plan to lower insurance premiums relies on cutting payments to hospitals and doctors to the same level as federally-set Medicare rates and would require billions of dollars in extra government spending, according to an independent analysis of the policy.

The Republican amendment made Thursday adds what’s called the Federal Invisible Risk Sharing Program to the legislation to help appease conservatives and get the bill through the House. At a committee meeting to make the changes, one GOP congressman said it would lead to substantially lower premiums.

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