Thursday, July 5, 2012

Hennessey: Strategy to Undo Obamacare

"In 2009 and 2010 the nation took huge steps down a path toward more government control of health care," writes Keith Hennessey in the WSJ. "A shift to the consumer-based reform path is still available—if voters want it."  It begins by repealing Obamacare in specific steps, then replacing it with these market-based reforms:
  • replace the tax exclusion for employer-provided health insurance with a flat tax deduction or credit;
  • allow consumers to buy portable health insurance sold anywhere in the nation, through their employer or on their own;
  • expand contribution limits for health savings accounts;
  • enact national medical liability reform; and
  • enact Medicare [senior] and Medicaid [welfare] reforms such as the bi-partisan Wyden0Ryan Medicare reform plan, which provides a stronger system of competing private health plans as opposed to government-run "fee-for-service" Medicare.

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