August 20, 2013
WE ALL KNOW WHERE WE'RE HEADED:The Coming Liberation: Health Care For All Without Obamacare (Peter Ferrara, 8/13/13, Forbes)
But free markets provide bread for everyone, with some help for the needy through social safety nets. And they would do the same for health care, if the government and the control friek liberals would just get out of the way.
A comprehensive plan to do precisely that has been developed by National Center for Policy Analysis (NCPA) President John Goodman, to which I have contributed in John Goodman and Peter Ferrara, Health Care for All Without the Affordable Care Act, NCPA Issue Brief No. 116, October, 2012, and John Goodman and Peter Ferrara, A Healthcare Contract with America, Issue Brief No. 110, July, 2012. The plan achieves health care for all with no individual mandate and no employer mandate, with a savings of $2 trillion over the first 10 years alone, based on scores for components already published by CBO.
The plan is based on extending the same, favorable tax preference for employer provided health insurance to everyone, on equal terms, through a universal health insurance tax credit of $2,500 a year or so. That tax credit can be used by every worker to help buy the health insurance that he or she chooses, not that Kathleen Sebelius and the government chooses for them. This means no one will be telling the Catholic Church that they must buy health insurance paying for abortion, or Liberty University that they must buy health insurance paying for contraceptives.
This universal health insurance tax credit could be used by any individual to buy into Medicaid, as it is equal to the official, estimated, average cost of extending Medicaid coverage to another individual. This means anyone with any pre-existing condition could gain coverage this way, no matter how sick and costly they have become.
But better coverage and benefits are available through private health insurance, including Health Savings Accounts (HSAs). Workers with employer health insurance they do not like would be free to use their credit to help buy an HSA, or any other insurance they preferred.
You can't, as the past several decades have demonstrated, stick consumers with that many choices. Instead, we'll just force them into HSA's.
Posted by Orrin Judd at August 20, 2013 2:03 PM
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