Economism by James Kwak

Author:James Kwak
Language: eng
Format: epub
Publisher: Knopf Doubleday Publishing Group
Published: 2017-01-09T16:00:00+00:00

The head of another conservative think tank claimed that, if Medicare were converted into a voucher system, “Insurers would have to compete for beneficiaries’ business, and providers would have to compete to get on the most popular plans. Lower prices and better-quality care would be the result.”14

In the 2016 presidential election, not only did all Republican candidates ritually pledge to repeal Obamacare, but most subscribed to the principles of market forces and consumer choice. Marco Rubio promised “modern, consumer-centered reforms that lower costs, embrace innovation in healthcare, and actually increase choices and improve quality of care,” including “consumer-centered products like Health Savings Accounts.” Rubio, Ted Cruz, and Rand Paul all signed the “Contract from America”—an initiative of FreedomWorks, Americans for Tax Reform, and other conservative groups—which called for replacing Obamacare with “a system that actually makes health care and insurance more affordable by enabling a competitive, open, and transparent free-market health care and health insurance system.” Rick Santorum promised to expand health savings accounts “to give patients and doctors, not Washington bureaucrats, more freedom and control over their health care.” Even Donald Trump, who in a prior life favored a universal health insurance system, has adopted the language of competition and choice: “We still need a plan to bring down health-care costs and make health-care insurance more affordable for everyone. It starts with increasing competition between insurance companies. Competition makes everything better and more affordable.”*2 15

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