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And already criticism and concern coming from top republicans, and even the white house is not fully embracing and endorsing this bill. president trump taking to twitter a few minutes ago saying, yes, this is a wonderful bill but notably he said this bill is up for negotiation. >> it is obamacare gone. >> house republicans unveiling their long-awaited replacement of obamacare. >> when we repeal and replace obamacare, it will amount to the biggest entitlement reform in at least the last 20 years. >> central to their bill, the elimination of the individual employer mandate, to tax people without...

>> reporter: repealing and replacing obamacare, already some major fault lines are emerging within the republican party within hours. criticism and concern coming from republicans and even the white house isn't yet fully endorsing this bill. simply calling it an important step forward. >> it is obamacare gone. >> house republicans unveiling their long-awaited replacement of obamacare. >> when we repeal and replace obamacare, it will amount to the biggest entitlement reform. >> central to the health care act, individual and employer mandate, tax penalty for people without insurance. the replace...

Would receive a set amount from the federal government every year. >> the bill might be branded as repeal, it keeps several popular items of obamacare. children can remain on the plan until age 26. it allows people with pre-existing conditions to continue coverage. these were two cornerstones of obamacare. one change is insurers allowed to hike premiums for people who let their coverage lapse for any reason. >> up to 30%. you have to have something to replace. >> president trump signaling effort. house introduced the bill. time to end the nightmare. >> that came from the potus account. nothing...

Of obamacare. >> when we repeal and replace obamacare, it will amount to the biggest entitlement reform in the last ten years. >> reporter: central to their bill, american health care act, individual and employer mandate, tax penalty for people without insurance. the replacement, a continuous coverage incentive, a 30% surcharge on premiums for consumers for one year who let their coverage lapse, levied by insurers. the plan phases out obamacare's expansion of medicaid, eventually capping federal funds to the program for each state in 2020. obamacare subsidies replaced by refundable tax credits...