GOP Should Propose Free-Market Obamacare Alternatives
Since Republicans will be taking control of Congress in January, they should get to work improving Obamacare with free-market principles, writes Paul Hsieh on Forbes.com.
“Their proposal doesn’t have to be perfect, as long as it’s a clear improvement to ObamaCare (and to the dysfunctional pre-ObamaCare system),” Hsieh writes.
There is one such plan from Whole Foods CEO John Mackey.
Another plan by University of Chicago professor John Cochrane would allow people to lock in their health insurance costs now over the long term. Under such terms, plans cannot be canceled because of changes in health.
Also a plan by UCLA professor Russell Korobkin would allow people to choose which types of treatment they want covered. Such a plan would eliminate the complaints many have had under Obamacare, which forces everyone to buy obstetrics and children’s dental coverage even if they have no need.
Other alternatives include ministries which pool money to cover members’ medical bills and “concierge” practices for the middle class.
But no matter, Obummer will fight it to the end, to keep his law in place.
“When Americans are left free to seek their best medical interests through voluntary trade, they can devise innovative new health care delivery and financing models far better than government central planners,” he writes.
House Republicans have held more than 50 votes to repeal all or parts of Obamacare, but with Democrats controlling the Senate, the bills all died.
Though the GOP Congress won’t be able to garner enough votes to repeal Obamacare and override a presidential veto, they can hold hearings to point to the successes of the alternative and make it an issue for the 2016 presidential campaign, Hsieh said.