The health-reform proposal put forward by three Republican Senators (Hatch, Burr, and Coburn) has attracted a lot of attention as the so-called Republican alternative to Obamacare.
Although the reform includes a grab bag of previous Republican reforms, including medical malpractice and Medicaid, its most radical element is a significant change to the private, employer-based system. The proposal includes a significant tax hike of $1.5 trillion over ten years that will harm most working Americans, in return for a tax credit which very few will enjoy.
The good news is that if the proposal evolves to give more – or even all – Americans the same freedom, it could be an excellent replacement for Obamacare.
Read the entire column at Forbes.com The Apothecary or (a slightly earlier version) at the Independent Institute's Beacon blog.