The issue of repealing and replacing Obamacare is going to be central to the role of Secretary of Health and Human Services in the Donald Trump administration. The president-elect’s choice for the job, Georgia representative Tom Price, has spent plenty of time working on the matter in his role as chairman of the House Budget Committee.
Last year, Price unveiled a healthcare reform proposal that WEEKLY STANDARD editor Bill Kristol called “the strongest alternative offered in Congress to date.” The Price plan offers age-based, refundable tax credits to consumers buying insurance on the individual market, and it would allow the insured to deposit the difference of their tax credit—$1,200 for those under the age of 35, $2,100 for those between 35 and 50, $3,000 for those 50 and over, and $900 per child—into a health savings account should their insurance cost less than the value of the credit. (The measure would repeal Obamacare fully.) Here’s more from Kristol on Price’s idea, including its political prospects:
Price’s legislation has much in common with an Obamacare alternative advanced by the 2017 Project, which was headed by Jeffrey H. Anderson and chaired by Kristol.
Read more about Price’s proposal here.
A previous version of this story mistakenly identified Price as the chairman of the House Ways and Means Committee, not the House Budget Committee. It has been changed.
