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Republican senators pitch PPACA replacement

Republican U.S. senators opposed to Obamacare said the best alternative would be a narrower system of tax credits for Americans to buy health insurance without any of the mandates for people or companies to participate.

By Alex Wayne | Updated on January 27, 2014
Sen. Orrin Hatch, R-Utah. Photo: Associated Press/Charles Dharapak

Jan. 27 (Bloomberg) — Republican U.S. senators opposed to Obamacare said the best alternative would be a narrower system of tax credits for Americans to buy health insurance without any of the mandates for people or companies to participate.

The proposal today by Senators Orrin Hatch of Utah, Richard Burr of North Carolina and Tom Coburn of Oklahoma is a response to criticism from President Barack Obama that Republicans have offered no credible alternatives to his $1.4 trillion expansion of the U.S. health-care system. The senators’ plan came with no estimate of its costs or a timetable for formal legislation.

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