glenn1
Lifer
- Sep 6, 2000
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Millions of additional people have been insured, health care cost inflation has been lower than average, and the law has ended up costing less than initially projected.
If that's a 'bad law', what would your definition of a good law be?
Exactly what I've laid out before.
1. Repeal the tax subsidy for employer provided health insurance plans, net savings approximately $250 billion in lost federal tax revenue (2013 figures) or ~$800 per capita given 310MM Americans.
2. Use the savings from #1 to 100% subsidize true catastrophic insurance for all Americans, deductible amount TBD but $5,000 is probably a reasonable target.
3. Set up universal HSA accounts for all. Use the subsidies from the former ACA to fund the account for low income individuals so their out-of-pocket costs are minimal or reduced. This account will be used to handle all routine care plus non-emergency care not covered by the universal catastrophic plan. Give people incentives to use the funds judiciously and not seek care for any trivial problem, thus reducing costs in the system by reduced demand for unneeded care.
4. For the truly poor and indigent, set up local clinics providing free or low cost primary care services like immunizations, sick visits, etc.