Sally Pipes, president of the Pacific Research Institute, has an intriguing ObamaTax replacement proposal. As Allison Bell reports, it's a three-legged, free market approach based on three primary components:
While this seems like a commonsense approach to financing plans, it's not clear how she plans to handle the next objections: underwriting and how to cover pre-existing conditions.
Still, seems promising.
■ Use refundable age-based tax credits to help people pay for health coverage.
■ Increase use of health savings accounts (HSAs).
■ Use a combination of vouchers and block grants to improve Medicare and Medicaid.This system works much like a school voucher: you pick the plan and company, and use the voucher to help reduce the cost. The advantage over the current method is that you're dealing directly with the carrier, without unnecessary (and often intrusive) government intervention.
While this seems like a commonsense approach to financing plans, it's not clear how she plans to handle the next objections: underwriting and how to cover pre-existing conditions.
Still, seems promising.
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