I Can’t resist putting this fine and brief and insightful set of suggestions up.
I have made my case for the junk research that was used to claim that American Health care was
Worse than 30 other nations on the planet.
I don’t think those claims were based on good research.
So now we have a proposed solution that is failing in the roll out.
Here’s What John Goodman, PhD, daddy of the Health Savings Account idea with a few others.
His proposal for a resolution of this mess. Thanks John. It is a mess and many physician colleagues are considering quitting.
John C. Goodman Health Alert
It’s a 2,700 page bill. There are 20,000 pages of regulations. Major provisions seem to change every other week. And despite Nancy Pelosi’s promise, four years after it passed most of us still aren’t sure about everything that’s in it.
How can something like that possibly be fixed?
It’s easier than you might suppose. Previously, I recommended four simple ideas:
Replace all the ObamaCare mandates and subsidies with a universal tax credit that is the same for everyone.
Replace all the medical savings accounts with a Roth Health Savings Account (after-tax deposits and tax-free withdrawals).
Allow Medicaid to compete with private insurance, with everyone having the right to buy in or get out.
Denationalize and deregulate the exchanges and require them to institute change of health status insurance.
Clearly much more needs to be changed. But you could keep an awful lot of ObamaCare and still have a workable health care system by making these changes and these changes alone.
In this post, I will describe all of the mechanical problems that would be solved with these four changes. In a subsequent post I will show that these changes would also get all the important economic incentives right.
President and CEO
Kellye Wright Fellow
National Center for Policy Analysis
12770 Coit Rd., Suite 800
Dallas, Texas 75251