Today, The Center for Health Economy released an economic analysis that found that the Patient Choice, Affordability, Responsibility, and Empowerment (CARE) Act - a legislative plan put forward this week by Senators Richard Burr (R-N.C.), Tom Coburn, M.D. (Okla.), and Orrin Hatch (R-Utah) -- reduces health care costs, lowers premiums, provides more Americans with health care coverage than Obamacare. The analysis found the proposal also increases health care productivity and reduces the nation's debt.
"In his State of the Union speech the President spoke about his signature domestic achievement, Obamacare. He said if anyone has a health care plan out there that cuts costs, covers more people and increases choices, to show him the numbers to see if they add up. Mr. President, we have a plan that will add up to lower costs, more choices and cover Americans with pre-existing conditions," Burr, Coburn and Hatch said today. "Today's analysis shows there is a better way than Obamacare. Our plan gives individual Americans greater control over their own health care and asks government bureaucrats to leave the exam room. Using smart insurance market reforms, putting small businesses more on par with Fortune 500 companies, and giving individuals -- not government -- more tools to make the best decisions for themselves is a prescription for success."