A group of free-market health care reformers have developed a reform that would sharply reduce premiums for individuals, wouldn’t cause millions to lose coverage, and would save taxpayers money.

Called the “Health Care Choices Proposal,” it would continue to have the government subsidize individual insurance, but would do so through block grants to states, rather than payments to insurance companies under ObamaCare.

The plan would let consumers apply subsidies to any type of plan they wanted, not just overpriced ObamaCare plans. And to lower insurance costs, it would lift many of ObamaCare’s costliest and most disruptive mandates, while continuing to protect those with pre-existing conditions.

And to encourage people to stay insured, the plan would also offer premium discounts for those who continuously enrolled.