The Senate draft includes deep cuts to Medicaid and would fundamentally reshape it from an open-ended government commitment to a system of capped federal payments that limit federal spending.

The bill repeals billions of dollars ObamaCare taxes used to raise money for the law’s coverage expansion and also abolishes the law’s mandates to buy coverage.

The health law’s tax credits to help people buy private coverage would be kept, but would be reshaped so that they are less generous and cost the government less money.

It also phases out the federal funding for ObamaCare’s expansion of Medicaid over four years — from 2020 to 2024 –less than the seven-year phase out favored by more moderate Republicans.