House Republicans finally unveiled a highly anticipated plan to repeal and replace the Affordable Care Act, also known as Obamacare.

The proposed bill was first made publicly available late Monday, rocking Washington, D.C., as pundits and political observers rushed to pore through the bill’s provisions.

The bill brought conservative criticism: U.S. Rep. Justin Amash (R-Mich.) called it “Obamacare 2.0” on Twitter.

The House bill, known as the American Health Care Act, will end various parts of Obamacare while adding in GOP reforms.

The bill is the first phase of a GOP effort to end Obamacare. President Donald Trump tweeted out assurances that the effort will have at least two more bills.

“Don’t worry, getting rid of state lines, which will promote competition, will be in phase 2 & 3 of healthcare rollout,” Trump tweeted Tuesday morning.

The bill would have a refundable, age-based tax credit to help people buy insurance, according to Bloomberg News. Perhaps most importantly, it ends the Obamacare mandate, tied to a tax penalty, that Americans must prove annually they have health insurance.

But analysts say there is a penalty in the bill for people who let their coverage lapse: It would allow insurance companies to slap a premium increase on customers who let the policy lapse.

The bill has already brought conservative criticism. U.S. Rep. Justin Amash (R-Mich.) called it “Obamacare 2.0” on Twitter.

And U.S. Senator Rand Paul (R-Ky.), U.S. Sen. Mike Lee (R-Utah), and U.S. Rep. Mark Meadows (R-N.C.), with some others, have announced a 3:30 p.m. joint press conference in the Capitol to discuss their reservations with the plan.

Paul called the House GOP leadership bill “terrible” and “rotten,” and reiterated an earlier tagline that it represented “Obamacare Lite,” during an interview Tuesday on “The Laura Ingraham Show.” Paul suggested the bill may even be unconstitutional since it would require consumers to pay certain penalties to insurance companies if they let their coverage lapse.

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“In many ways, the House Republican proposal released last night not only accepts the flawed progressive premises of Obamacare but expands upon them,” Heritage Action CEO Michael A. Needham said in a statement Tuesday, “Ronald Reagan once said, ‘Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.’ The AHCA does all three.”

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Needham suggested the GOP’s plan would not meaningfully address the negative impacts of Obamacare on many ordinary Americans.

“Many Americans seeking health insurance on the individual market will notice no significant difference between the Affordable Care Act (i.e., Obamacare) and the American Health Care Act,” Needham continued. “That is bad politics and, more importantly, bad policy.”

The bill drew fire from the moderate wing of the GOP as well.

Senate moderate Republicans have said they will not vote for a repeal that pulls back the expanded Medicaid funding. The bill would phase out the expanded Medicaid spending over several years.

Four Republican senators say they will oppose any plan that doesn’t protect people who qualify for coverage under the Medicaid program, which was expanded in some states under Obamacare, according to NPR. They are Republican Sens. Rob Portman of Ohio, Shelley Moore Capito of West Virginia, Cory Gardner of Colorado, and Lisa Murkowski of Alaska.