Friday, February 21, 2014

Obamacare Alternative to Pave Way for Full Repeal

"Last month, a group of Republican senators unveiled a health care plan that grappled with how to create an alternative to President Obama's health care law as part of a strategy to repeal it," writes Philip Klein @ the Washington Examiner.
A conservative group known as the 2017 Project, headed by Jeffrey Anderson, has released another proposal rooted in the following premise: "The common formulation is that we need to 'repeal and replace' Obamacare. The truth is more nearly the reverse: We need to advance a winning alternative to pave the way to full repeal."

Under the 2017 Project proposal, all individuals who are either uninsured or currently insured on the individual market would be offered a tax credit, ranging from $1,200 for those younger than 35 to $3,000 for those older than 50. The value of the credits would not vary by income level, and would be scheduled to grow at 3 percent a year. Any money not spent on premiums could be put in a health savings account.

To address the issue of individuals with pre-existing conditions, the plan would require insurers to continue offering coverage to those with pre-existing conditions who are covered at the time of the enactment of the proposal, including those who obtained insurance through Obamacare.
Read the full article for more details.

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