February 5, 2015

ADD BACK THE HERITAGE MANDATE AND YOU'RE GETTING SOMEWHERE:

An Actual Republican Alternative to Obamacare (The Editors, 2/05/15, Bloomberg View)

True, the proposal, from Senators Orrin Hatch of Utah and Richard Burr of North Carolina and Representative Fred Upton of Michigan, would repeal several essential features of the Affordable Care Act, including the requirement that individuals carry health insurance (and that most employers provide it) and the expansion of Medicaid. Other provisions would be scaled back; tax credits for buying insurance would go to those making up to 300 percent of the poverty line rather than 400 percent, for example.

But insurers would (mostly) still be prevented from denying coverage to those with preexisting health problems. Young adults could remain on their parents' insurance until they're 26. And the so-called Cadillac tax on gold-plated health plans would go away. Instead, the value of those plans above a certain threshold would be taxed as regular income.

That last change is one even President Barack Obama should like. The infinite tax exemption on employer-sponsored health insurance has always been troublesome: It boosts demand for coverage, increasing spending. And it's a tax giveaway to those with the highest incomes, who tend to enjoy the most generous health benefits. [...]

[I]t embraces important principles of the Affordable Care Act: that the federal government ought to fund health coverage for those who can't afford it, and that the insurance market should be required to offer coverage to everyone.

Posted by at February 5, 2015 6:20 PM
  

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