Michael Calabrese has proposed a tax-credit based plan with the following key features:

• AN INDIVIDUAL INSURANCE MANDATE provision would require every American to maintain a minimum level of coverage.
• FEDERAL TAX CREDITS would be available to ensure that coverage is affordable -- accounting for no more than 10 percent of household income.
• EMPLOYERS WOULD BE REQUIRED either to offer and pay for qualifying coverage or to pay a 6 percent payroll tax.
• STATES WOULD ESTABLISH COMMUNITY INSURANCE POOLS (CIPs) to offer every American a choice among competing private insurance plans.
• INSURERS PARTICIPATING IN THE CIP would be required to offer the minimum required benefits package on a guaranteed-issue and community-rated basis.
• THE CURRENT TAX EXCLUSION FOR EMPLOYER-PAID HEALTH PREMIUMS WOULD BE CAPPED at the national median cost of the basic benefits plan sold through the CIP.
• MEDICAID, S-CHIP, AND OTHER PUBLIC PROGRAMS for basic coverage would be eliminated (except for the disabled or chronically ill).

For the complete document, please see the attached PDF version below.