The new health-care plan from Senators Tom Coburn, Orrin Hatch, and Richard Burr is the best one to emerge from Congress yet, and marks real progress in the campaign to replace Obamacare. The plan aims to make health insurance affordable for roughly as many people as Obamacare was intended to, but without the higher taxes, the regulatory micromanagement, the threat of rationing, the reduction in consumer freedom, the vast new bureaucracies, or the perverse incentives. And while not perfect, it largely succeeds in these objectives.
This plan is well thought out substantively and politically. It would cover tens of millions of Americans with private insurance, solve the pre-existing condition problem, inject cost discipline into the marketplace, and begin the process of reforming the nation’s massive health entitlement problems. And it would do all this without unduly disrupting current insurance arrangements (including employer plans), and without the federal power grab or massive spending and taxes of Obamacare.