Updated at 2:32 p.m. ET Senate Republicans unveiled their long-awaited health care overhaul proposal on Thursday. The Senate bill, called the "Better Care Reconciliation Act," would repeal major parts of the Affordable Care Act, also known as Obamacare. The broad outlines of it look a lot like the House bill, the American Health Care Act, which was passed in May. It rolls back the ACA's Medicaid expansion — making for deep spending cuts to that program, compared with current law. The Senate bill also proposes eliminating many ACA taxes, and the employer penalties associated with the employer and individual mandates would be repealed retroactively, dating to the start of 2016. And as in the House bill, young adults up to the age of 26 could stay on their parents' health care plans. Larry Levitt, a health policy expert at the Kaiser Family Foundation, summed up his thoughts on the bill Thursday on Twitter: "In broad strokes, the Senate bill is just like the House: Big tax cuts, big cut
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