The Republican Study Committee in the House of Representatives will unveil a healthcare bill Wednesday to replace Obamacare.

The bill, titled the Republican Study Committee’s American Healthcare Reform Act, “dramatically opens up options for families, and dramatically lowers costs” compared to the Obamacare law, committee chairman Louisiana Rep. Steven Scalise told The Daily Caller.

The 200-page budget-neutral bill would provide $20,000 in tax deductions to families and a $7,500 deduction to individuals, so they can buy insurance from vendors in any state. It would also would allow Americans to keep the money they save by picking lower-cost providers.

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