Ryan: Swap Employer Healthcare Tax Breaks for Worker Tax Credits

U.S. employer healthcare tax breaks would be replaced with refundable tax credits for individuals under a proposal offered Tuesday by House Budget Committee Chairman Paul Ryan.

In a speech to Stanford University's Hoover Institution in California, the Wisconsin Republican said his measure, which would effectively dismantle the way most Americans receive medical coverage, should be part of any Republican plan to replace President Barack Obama's healthcare overhaul. Ryan's proposal is certain to draw fire from Obama's Democrats.