WASHINGTON April 15th, 2015—On this tax day we examine America’s biggest tax: the Affordable Care Act. Signed by President Obama during his first term in office, was sold to the American people as landmark legislation that would fundamentally change the healthcare field. The idea of affordable healthcare may sound great to most Americans, but the failed policies of government had the opposite effect, but what is the alternative? The answer: a free-market approach with limited government and less regulation.
They say sunlight is the best disinfectant and when in regards to government, the saying still holds true. When President Obama signed the Affordable Care Act (Obamacare) Congress did not actually read the bill. In fact, Rep. Nancy Pelosi, who at the time was the Speaker of the House of Representatives, said: “But we have to pass the bill to find out what’s in it.” Those who opposed the bill, mainly Republicans, argued that government has no place in the healthcare field and that government was overstepping its constitutional limit. Still, that did not stop the bill from becoming law.
Now that the bill is being implemented, Americans all across the country are starting to experience the harsh reality of what Congress failed to make public. With every passing month, some expect that the cost of healthcare will continue to rise, causing patients to pay more out-of-pocket expenses, adding more stress on their disposable income. The L.A. Times, along with other media outlets, are starting to report on the rise in healthcare costs which are being passed down to patients. The L.A. Time published:
“According to the Commonwealth Fund, a New York think tank, annual increases in work-based health plan premiums rose three times faster than wages from 2003 to 2013. Out-of-pocket costs have also been climbing.”
Why is it that healthcare costs continue to rise? For one, when new technology, procedure, medicine, and doctors enter the medical field, the demand for healthcare also rises. Secondly, the Affordable Healthcare Act attempts to intervene in this economic principle and limits which doctor you can see. Dallas News writes, “Some consumers are suffering buyer’s remorse after realizing their longtime doctors and hospital networks won’t accept insurance plans purchased under President Barack Obama’s health care law.” The Affordable Healthcare Act creates an obstacle for patients to see the doctors of their choice. It is possible that a family would have to abandon a long-time doctor which they are comfortable seeing.
The solution to this problem can be found in a free-market approach. This is done by creating competition among healthcare providers. Their incentive to provide the best quality healthcare service is that it will bring more patients to their practice. By allowing the market to correct itself and allowing for a self-adjustment, those who provide bad healthcare will not receive the amount of patients it wishes to have.
At the same time, a free-market makes it easier for low-income patients to receive the healthcare they need. Charities, non-profits, and donors will not have to make their way through the red tape and would have a better communication with patients through the market system. By allowing medical non-profits to form, you allow for those who cannot afford healthcare to still get treatment. Instead of creating a narrow path to healthcare, Congress should be repealing regulation allowing for the broadening of choices for consumers, patients, and service providers.
Taking the first step to solving this issue would be for Congress to completely repeal the Affordable Healthcare Act in its entirety. A free-market approach also allows for individuals to choose the best plan, doctor, and price that best fits their needs and budget, instead of having government mandate what is best for them and their family. The Affordable Healthcare Act does the opposite. The hand of government says what is best for you based on income rather than the need of healthcare. When we limit people choices, we are forcing them to make a choice they may not have wanted to do.
A free-market approach is the best solution to America’s ‘taxing’ healthcare problem and it starts by repealing President Obama’s Affordable Healthcare Act.
ABOUT THE AUTHOR:
Daniel Herrera, 23, is a political activist and writer. Despite being fresh out of college he’s worked for Republican National Committee, Young Americans for Liberty, the New Jersey Republican State Committee, Congressman Robert Turner (NY-9), FreedomWorks and written for PolicyMic.
Currently, Herrera is the Vice Chair of the Hudson County, NJ Republican Club’s Young Professionals group, a speaker with Turning Point USA, and founder of HerreraPAC, a conservative political action committee. Herrera holds a degree from The Catholic University of America and is a member of the National Rifle Association.
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