“Putting patients in charge of their own healthcare encourages them to be price-conscious. When this happens, service providers have an incentive to compete on price, and competition produces downward price pressure… In a free market, one in which the law didn’t require that insurance cover everything from pregnancy to mental health, health insurance would primarily cover catastrophes. Elective procedures would be paid for by the patient, either in cash or with financing. A free market in health care could also lower costs by incentivizing surgeries that reduce health care costs long term.” – Julian Adorney
Millions of Americans are struggling to afford quality healthcare. Big government, big insurance, and big pharma have only made matters worse. We need innovative approaches.
The Democrats are pushing for a single-payer system (a healthcare system financed by taxes that covers the costs of essential healthcare for all residents), however, a common misconception is that having a greater percentage of the population insured results in a healthier population. This simply isn’t true. Canada, for example, has universal healthcare but has comparable rates of disease to the U.S. Also, under such a system, government bureaucrats, not your doctor, get to decide what is “essential” to your health or even your survival. The Republicans want to “repeal and replace” Obamacare, but have offered nothing substantive to replace it.
I propose deregulating healthcare to facilitate innovation and competition among hospitals and medical practices in both quality of care and pricing, with the goal of achieving better health outcomes for more people. I also advocate complete transparency so patients are not hit with “out of network” or “not covered” charges after the fact. To improve the quality and lower the costs of healthcare, I propose the following initiatives: