There is no reason why, as Americans, individuals and families should not have access to quality, affordable health care options. Obamacare, the largest tax increase in most Americans’ lives, simply was not the answer. Premiums skyrocketed, choice disintegrated, and our federal government is now saddled with more debt than at any other time in our history. Our focus going forward needs to be on replacing this broken system with market-based reforms that lower the cost of the entire healthcare system.
- Expand Pooling Options: By allowing Association Health Plans (AHPs), professional associations or trade groups from across the country will be able to band together together and negotiate reduced rates from insurance providers, irrespective of state lines. Additionally, I support individuals’ rights to pool together in the same manner. This will give AHPs and individuals the buying power they need to demand the lowest possible insurance options from their providers.
- Legalize Cheaper Insurance Options: Obamacare not only forced individuals to purchase insurance, it also mandated what type of coverage they needed to buy. By eliminating essential health benefits requirements, insurance companies will be able to provide more affordable coverage options that are tailored to the needs of the buyer.
- Reduce the Cost of Prescription Drugs: The United States subsidizes the rest of the world by overpaying for the vast majority of prescription drugs that we demand as a society. Congress needs to reduce restrictions on prescription drug imports, and allow patients to have access to the lowest prices that the market provides.
- Expand the Use of HSAs: There is no doubt that people are most cost-conscious when they are spending their own money. By eliminating contribution caps on HSAs, people will contribute more of their pre-tax dollar into these accounts and be encouraged to seek value when making medical spending decisions.