FEE – The Republican-controlled House vote to “repeal Obamacare” – if that is what this was – was a stunning mess.
Did they get it right? The answer is obviously no, and that’s inevitable. Just imagine a bill that sets out to reorganize any industry that is currently mostly market driven, such as shirts, software, groceries, or furniture. Would any bill coming from Congress that pertains to the whole of any of these be wonderful? It’s impossible.
This is because the minds of politicians working together – with all their mixed motives of special-interest acquiescence, electoral fears, and general ignorance – cannot possibly replicate, much less improve upon, the brilliant mind of the market at work.
Sadly, any structural change in the industry is pushed through via legislation.
Fortunately, we don’t have to deal with such bills in most markets. But the health care industry is different. It’s been heavily regulated for more than a century. Obamacare went in the wrong direction, toward more rather than less government control. It actually disabled the mind of the market. The result has been soaring deductibles and premiums, insurers going belly up, and average citizens being forced to pay for insurance they can’t afford to use.
Click here to read more.
No Government belongs in the Health Insurance business. Health Insurance should be a TRUE free market, meaning the only government involvement is a State Insurance Commissioner to make sure the customer gets what they pay for – nothing more nothing less, and make sure that the Insurance Companies offer policies and do business in our state based upon their solvency and ability to pay claims. Only a true open free market otherwise known as competition will lower the cost of Health Insurance and Care. – Fremont V Brown III