Gov. Scott Walker is the first of the Republican presidential candidates this year to propose a full-throated alternative to Obamacare. It is a bold proposal that deserves serious consideration.
The main elements. Here are the highlights:
1. There would be no federal mandateseither for individuals or for employers.
2. Everyone who does not have coverage from an employer would get a fixed sum tax credit for the purchase of health insurance. The credit would increase by age, but would not vary by income.
3. The government would make a one-time, $1,000 deposit to the Health Savings Account of everyone who has health insuranceincluding children and including people who get insurance at work.
|John C. Goodman is a Senior Fellow at the Independent Institute, President of the Goodman Institute for Public Policy Research, and author of the widely acclaimed Independent books, A Better Choice: Healthcare Solutions for America, and the award-winning, Priceless: Curing the Healthcare Crisis. The Wall Street Journal and the National Journal, among other media, have called him the Father of Health Savings Accounts.|
Obamacare remains highly controversial and faces ongoing legal and political challenges. Polls show that by a large margin Americans remain opposed to the healthcare law and seek to repeal and replace it. However, the question is: Replace it with what?