Republican presidential candidate and former Florida Gov. Jeb Bush unveiled his healthcare plan Tuesday, calling for a repeal of U.S. President Barack Obama's signature healthcare law in favor of giving policy decisions to individual states and deregulating the industry. Bush's plan asserts that individual choice will lead to better healthcare.

"States should have responsibility, freedom and accountability to make their individual insurance markets more competitive, enhance access to care and design solutions for vulnerable Americans," a two-page proposal provided to news outlets ahead of the Tuesday speech read. The plan calls for tax credits, expansion of health savings accounts, and more transparency around the costs and charges associated with healthcare.

With the plan, Bush has become the third major Republican presidential candidate to call for repealing and replacing Obamacare, which has drawn intense criticism from Republicans in general over the past five years since it was passed. Florida Sen. Marco Rubio and Louisiana Gov. Bobby Jindal have also released healthcare proposals that revolve around repealing the Affordable Care Act (ACA).

"Obamacare, a government takeover of more than one-sixth of the American economy, epitomizes why Americans are fed up with Washington," a Bush spokeswoman told Business Insider. "Jeb believes we must repeal Obamacare and offer a conservative vision and plan of healthcare for the future."

On the other side of the aisle, Democratic presidential candidates are pushing further to the left with their healthcare proposals. Former Secretary of State Hillary Clinton said she wants to improve the ACA. Vermont Sen. Bernie Sanders said he would like to expand healthcare coverage through Medicare expansion and provide universal coverage.