...
Here’s how it would have worked:
• States would open health insurance exchanges where individuals and small businesses could buy coverage.
• Insurance plans on the exchanges would have to provide a base level of coverage set by the federal government.
• Insurers couldn’t turn down customers, including because of preexisting conditions (guaranteed issue).
• Individuals and families would get a refundable tax credit to pay for insurance.
• That tax credit would be financed in part by limiting the tax exemption on employer-provided insurance.
....
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/25/republicans-had-a-plan-to-replace-obamacare-it-looked-a-lot-like-obamacare/
I think I'll just pass this one along absent snarky comment.
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