A Serious Plan to Replace Obamacare
@ The Washington Examiner
Ryan wants to change the government policies that insulate the health care consumer from nearly all costs, thus distorting incentives for doctors and patients alike. Price signals, a staple of any functioning free market, have been muffled in health care, where third parties (insurers and the government) pay roughly 88 percent of health care costs, up from 52 percent in 1960. Because patients don’t pay the bills, most of them have no idea how much services cost, let alone what they are worth. This leaves doctors and hospitals in a competitive vacuum where price and value bear little relation to one another.
Hey! I believe that’s what I said two weeks ago. Fancy that!
I also like Ryan’s suggestion that we untether health insurance from employment through a universal tax credit. People who don’t get benefits at work are getting screwed by the current system, so yes, we do need to fix that.