The Healthcare Reform bill that passed Congress (Obamacare) does nothing to lower the skyrocketing cost of healthcare. One only needs to look at his or her premium and deductible increases over the past 2 years. More recently, the non-partisan Congressional Budget Office doubled the implementation cost of the Healthcare Reform legislation for $940 billion to more than $1.7 trillion.
We have the best quality healthcare in the world. But it is also the most expensive. Why? The inefficiencies- costs need to be lowered while quality maintained.
I propose the following:
- Permit individuals to purchase insurance across state lines. This will force insurance companies to compete for business via lower premiums by still maintaining the quality of care.
- Permit individuals equal tax treatment for healthcare costs as businesses. Business get a tax deduction for healthcare costs so should individuals.
- End healthcare mandates, which forces individuals to be covered for tests many will never use, thereby driving up insurance costs.
- Enact Tort reform: $54 billion in direct savings over 10 years that Harry Reid dismissed this as a drop in the bucket but the real savings will be when doctors stop the practice of defensive medicine.
- Encourage use of Health Savings Accounts. People are much more careful spending their own money than someone elses.