What it wouldn't do is expand coverage to the same number of uninsured Americans about 25 million, according to the latest estimates as Obamacare does.
That last point may seem like one among many, but it's not. The most important achievement of the Affordable Care Act is that the law attains something like universal health care in the United States, closing an embarrassing and indefensible gap between it and every other developed country.
That means any "alternative" plan has to meet one definitional threshold, and only one: covering a similar number of Americans as Obamacare. To go a step further and be a better alternative, a proposal should cover a similar number of Americans at a lower cost or with fewer unwanted consequences.
The documents Republicans released are conspicuously silent on how many additional Americans would be covered.
Until now, the Republican "repeal and replace" strategy on Obamacare has been to pretend that an alternative to Obamacare exists without saying what it is. Wednesday's proposal is the logical culmination of that cynical strategy: calling something an alternative, and hoping nobody notices that it's not.
Republicans are within their rights to oppose the goal of government-aided universal health care. They are free to ask how much money the U.S. should spend to reach that goal and whether the country can afford it. These are political questions.
Republicans now face at least three choices. They can continue to argue that ensuring universal health care is not a proper role for government, and try to persuade voters to agree with them. Their obstacle here is that the Affordable Care Act is already the law of the land and has been validated not only by the U.S. Supreme Court but also by the re-election of the president who signed it.
Alternatively, Republicans can come up with another way for the government to provide universal health care. Or they can concede that Obamacare is the best way to do so, and move on.
What's not helpful is to try to fool Americans with semantic games. Republicans like to talk about the importance of making hard choices. The hardest choice of all may be making their position more explicit: that universal health care is not a worthy goal for government. Wednesday's proposal shows they have yet to find the courage of their convictions.