Saturday, August 10, 2013

Reid: Hey, ObamaCare is only the first step toward killing the health-insurance industry « Hot Air

Reid: Hey, ObamaCare is only the first step toward killing the health-insurance industry « Hot Air: "What should come after its failure is a reliance on free-market forces, including the end of comprehensive insurance in most cases, replaced by hospitalization coverage and health-savings accounts (HSAs) for Americans to pay retail costs for routine care.  That will force price transparency, which then allows for normal pricing signals to reach the consumer rather than be blocked by third-party payers.  Providers will then compete on price and performance as they should — and as they do in the cosmetic surgery and Lasik markets now. Perhaps this experiment in big-government intervention and market distortion will make an even better argument for that path rather than a government takeover that follows government incompetence and rationing.  We can certainly hope so, anyway."

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