Views of Fiscally Conservative, Socially Libertarian Nam Era Vet
Mar 27, 2014
Free Market Best Way to Unravel Obamacare
Recently, Byron York wrote a piece on the difficulties of
unwinding Obamacare. I think the free
market can easily adjust to Obamacare repeal.
I believe ACA repeal should be coupled with regulations that open
the market for both medical insurance and medical care. The Republican
consensus seems to be an interstate insurance market, tort reform, high risk
pools and making private medical insurance payments deductible to individuals.
We also need to require transparent pricing from healthcare providers. By
transparent pricing, I mean that the hospitals and doctors need to publish
price lists showing at least the asking price for common procedures. This would
allow healthcare consumers to shop around. All of these feature together would
bring beneficial changes very quickly. They should be implemented cold turkey,
with no bureaucratic "transition period" which would likely be
extended indefinitely. I think the speed with which the mess will be cleaned up
will be a pleasant surprise.