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Sen. Lamar Alexander, chairman of the Senate health committee, has a new plan for how to repeal and replace Obamacare. It might be something the growing coalition of Republicans nervous about repealing now and replacing later can support.

This is how it would work:

  • First would be the "rescue" phase (detailed below)
  • Next, the GOP would come up with a replacement once markets stabilize
  • Then they'd repeal what's left of Obamacare

Will it work?: From a policy perspective, Alexander's plan, which uses both legislation and executive action, makes a lot of sense. Politically, many of its components will be way too much for conservatives to stomach. Watch to see how many moderates get on board. It won't take many to tank the leadership's plan.

For wonks: Alexander's plan puts more details on the table than we've seen before. Here are some things the first part of the plan would include.

  • The new administration would give states more flexibility on Medicaid and plan design in the individual market. It'd also loosen the essential health benefits requirements.
  • Congress would pass a law allowing Obamacare subsidies to be used by individuals to purchase plans outside of the exchanges.
  • Repeal of the employer mandate.
  • Pay for the cost sharing reduction subsidies.
  • Repeal of individual mandate only once new market rules are in place.
  • Adjustment of special enrollment periods.

Go deeper

Updated 6 mins ago - Health

The coronavirus variants: What you need to know

Illustration: Aïda Amer/Axios

New variants of the coronavirus circulating globally appear to increase transmission and are being closely monitored by scientists.

Driving the news: The highly contagious variant B.1.1.7 originally detected in the U.K. could become the dominant strain in the U.S. by March if no measures are taken to control the spread of the virus, the Centers for Disease Control and Prevention said Friday.

8 mins ago - World

Abbas announces first Palestinian elections in 15 years

Abbas is 85 and in the 15th year of a 4-year term. Abbas Momani/AFP via Getty

Palestinian President Mahmoud Abbas published a decree on Friday announcing the dates for parliamentary and presidential elections in the Palestinian Authority.

Why it matters: This is the first time in 15 years that such a decree has been published. The last presidential elections took place in 2005, with Abbas winning, and the last parliamentary elections took place in 2006, with Hamas winning.

Updated 14 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus deaths reach 4,000 per day as hospitals remain in crisis mode — America has tuned out the coronavirus at the peak of its destruction — 1 in 3 people in L.A. County believed to have been infected with coronavirus.
  2. Politics: Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan— Widow of GOP congressman-elect who died of COVID-19 will run to fill his seat — Joe Biden will seek nearly $2 trillion in COVID relief spending.
  3. Vaccine: Battling Black mistrust of the vaccines"Pharmacy deserts" could become vaccine deserts — Instacart to give $25 to shoppers who get vaccine.
  4. Economy: Unemployment filings explode againFed chair: No interest rate hike coming any time soon —  Inflation rose more than expected in December.
  5. World: WHO team arrives in China to investigate pandemic origins.