Today we are closer than ever to sending ObamaCare to the ash heap of history and opening the door for much-needed market-based solutions to health insurance.
With the Tax Cuts and Jobs Act, Republicans banded together to eliminate the unpopular ObamaCare individual mandate. Now the Trump administration is determined to find a better way to address our nation’s health-care needs.
But despite these positive developments, both Democrats and Republicans in Washington are considering policies that would not only retain ObamaCare for the indefinite future, but also expand this health-care disaster beyond even President Obama’s ambitions.
These proposals would snatch defeat from the jaws of victory by shoveling billions of additional dollars in deficit spending into the pockets of insurance companies, which have been losing money on ObamaCare’s exchanges because of the law’s misguided one-size-fits-all approach.
The real solution is obvious: we need to do away with this massive, expensive and unfair government program, instead of throwing money at a handful of corporations to tolerate it. But few have accused Washington of ever recognizing the obvious.
Several competing proposals appear to be on the table. One would direct the Obama-created bailout known as cost-sharing-reduction (CSR) payments to go to ObamaCare insurance companies. Another would create an entirely new reinsurance program to funnel billions of taxpayer dollars directly to insurers in order to convince them to stick with ObamaCare.
Republicans should reject both approaches.
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Fortunately, there’s another way. We can treat health insurance as the product it is and allow the principles of choice and competition to provide cheap, effective options, as we do for almost every other purchase in our society. Consumer freedom is the most effective way to lower premiums and make health insurance more affordable.
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More:
http://www.foxnews.com/opinion/2018/...ilout-now.html
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