By Peter Ferrara
Originally posted at The Daily Caller, July 2016
Republicans are now bursting with specific health reform proposals to replace Obamacare. Last week came the report of the House Task Force on Health Reform appointed months ago by Speaker Paul Ryan.
Now comes actual legislation introduced by House Rules Chairman Pete Sessions (R-TX) and by Senator Bill Cassidy (R-LA), which leading free market health economist John Goodman helped to develop. They immodestly call it, with good reason, The World’s Greatest Health Care Plan.
The bill is based on an advanceable, refundable, universal health insurance tax credit available to everyone to help buy the private health insurance each worker and family prefers in a competitive marketplace. The credit will vary by age and geography, but not income, averaging $2,500 per adult, and $1,500 per child.
The Sessions/Cassidy plan is based entirely on freedom of choice and competition, with no individual mandate and no employer mandate. For the first time, the federal government will provide the same tax relief for health insurance for everyone, regardless of whether it is obtained – at work, in the marketplace, or in an Exchange.