Can ObamaCare Be Fixed? Part I
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.
via Can ObamaCare Be Fixed? | John Goodman’s Health Policy Blog | NCPA.org.