Think ObamaCare, with its thousands of pages of rules and regulations governing every aspect of American life, is revolutionary? Think again, says the Los Angeles Times. When it comes to healthcare, writes Noam N. Levey, former Massachusetts Gov. Mitt Romney “has embraced a strategy that in crucial ways is more revolutionary — and potentially more disruptive — than the law Obama signed two years ago.”
As Governor, Romney proudly signed into law what would become the prototype for ObamaCare: a statute mandating that every Bay Stater purchase health insurance or pay a tax penalty. In 2009, he even urged President Barack Obama to look to Romneycare and its alleged solution to the “free rider” problem as a model for national healthcare reform.
Today, running for President under the auspices of a party that despises ObamaCare, Romney says he wants to “abolish the program, root and branch,” and replace it with “a free market, federalist approach to making quality, affordable health insurance available to every American.”
The centerpiece of his plan is a tax credit to individuals for the purchase of health insurance. Romney makes the reasonable point that the current tax code is unfair because it exempts employer-based health insurance premiums from income taxes but forces individuals who purchase insurance on their own to do so with after-tax dollars. By providing the same tax break to individuals, more people will have the ability to buy insurance. They will also be able to choose whether they want what their employers are offering or what they can get on their own, and they won’t have to fear the loss of coverage that currently comes with changing jobs.
Click here to read the entire article.