How in the world would this benefit the wealthy? And who cares if it does? There will still be medicaid, medicare, pre-existing, and 26 year old lazies. It gets rid of the mandate, almost all the taxes and provides a tax free medical savings. It gets rid of taxes on medical equipment and medicines, both over the counter and prescriptions. You no longer have to have insurance if you do not wish it. PP was not in the ACA and it prohibits funding for it for one year. It repeals the business mandate to provide health care which will allow business to start hiring again. It's a good start to fix what was wrong with Obamacare. This is just part one, the repeal. And yes, it does give back some power to the states on how medicaid is handled.
I have heard from some that anyone making over $200k per year can deduct it on their tax return. I have to check that out, but if it does then it makes sense. That will encourage the wealthier to obtain tax that they might otherwise not get, which would make a larger pool of payers, bringing down the cost. The next part will allow for across state shopping and tort control, which will also bring down the cost.