August 22, 2013
A TWEAK, NOT A RESET:Obamacare Reset: A Free Market Vision for Health Care Reform (Nick Pandelidis, 8/21/13, Acton)
The components of the free market vision of health care reform would look like this:Posted by Orrin Judd at August 22, 2013 5:48 AM
Coverage for those with pre-existing conditions: The great majority of persons with pre-existing conditions have adequate access to affordable health insurance because most have employer provided insurance. Employer-based insurance already has safeguards preventing denial of coverage or excessive premiums for those with pre-existing conditions who have maintained continuous coverage as they move from job to job. Free market reform will no longer allow insurance companies to deny coverage to those persons who must get coverage in the individual market. This reform will also establish appropriately funded high risk pools for those who cannot afford the higher premium costs for pre-existing expensive medical conditions.
Coverage for the poor: Free market reform will provide all individuals and families with a refundable tax credit to buy health insurance. With this tax credit, the poor can buy quality health insurance, and will no longer be relegated to a second-rate Medicaid system.
Individual ownership of health insurance: Free market reform will make health care insurance refundable tax credits available to all individuals and families. Now all persons who buy insurance will have the same tax benefit as those who currently have employer-provided insurance. Further, they will no longer lose their coverage if they change or lose their job. Perhaps most importantly, this health care tax reform will greatly encourage insurance market competition.
Individuals in charge of their own health care, and incentives for cost-effective health care spending: Free market reform, by promoting health care savings accounts in conjunction with catastrophic coverage, will put the money spent on health care in the hands of the consumer who actually uses the health care.