More of this, please:
A Republican doctor on the House Ways and Means Committee encouraged his colleagues Thursday to produce meaningful legislation to replace the Affordable Care Act in the next session of Congress. “It’s incumbent upon us to put forward positive, alternative solutions,” Rep. Tom Price (R-Ga.) said at a POLITICO Pro P2012 breakfast panel discussion.
Price has a plan. But so does AEI’s Tom Miller. In addition to recommending premium support reform for Medicare, Miller would convert the current tax preference for employer paid premiums into a refundable, universal credit for the under-65 population. “Every American household could use the credit when they purchase health insurance. The likely average value of the credit might approximate the current average tax subsidy for job-based coverage—in the range of about $5,000 to $6,000 per family.”
Again, the method here is to use markets, choice, competition, and price discovery to achieve universal coverage in a fiscally sustainable way.