Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • Debbie Young
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • COVID-19
  • Dick Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

A Republican Alternative to Obamacare

November 15, 2013 By Richard C. Young

With O’Care fast imploding, an alternative is required. Healthy young people are not signing up. President Obama has lied about the program from the start. Millions of Americans will have their policies cancelled. Healthcare.gov will take too much time to repair to make O’Care feasible. Furthermore, Obama navigators have not received background checks. And now social security and other sensitive data are exposed to identity theft. Former ACORN employees are in the navigator mix. The whole navigator mess has a sci-fi feel. Democrats know they have foisted a historically massive loser on Americans. O’Care should be repealed, but Democrats will not do what is best for America. Democrats running for reelection in 2014 will be forced to run on their O’Care record, perhaps the greatest policy boondoggle in American history. Here, in The Wall Street Journal, is a better healthcare option, rather than the Marxist-influenced, non-functioning O’Care delusion.

The first step of a plan to replace ObamaCare should be a flat and universal tax benefit for coverage. Today’s tax exclusion for employer-provided health coverage should be capped so that people would not get a bigger tax break by buying more extensive and expensive insurance. The result would be to make employees more cost-conscious; and competition for their favor would make insurance cheaper.

That tax break would also be available—ideally as a refundable credit sufficient at least for the purchase of catastrophic coverage—to people who do not have access to employer coverage. This would enable people who now choose not to buy insurance to get catastrophic coverage with no premium costs. It also would give those who want more-comprehensive coverage in the individual market the same advantage that people with employer plans get.

Medicaid could be converted into a means-based addition to that credit, allowing the poor to buy into the same insurance market as more affluent people—and so give them access to better health care than they can get now.

All those with continuous coverage, which everyone could afford thanks to the new tax treatment, would be protected from price spikes or plan cancellations if they got sick. This guarantee would provide a strong incentive to buy coverage, without the coercion of the individual mandate. People who have pre-existing conditions when the new rules take effect would be able to buy coverage through subsidized, high-risk pools.

By making at least catastrophic coverage available to all, and by giving people such incentives to obtain it, this approach could cover more people than ObamaCare was ever projected to reach, and at a significantly lower cost.

The new alternative would not require the mandates, taxes and heavy-handed regulations of ObamaCare. It would turn more people into shoppers for health care instead of passive recipients of it—and encourage the kind of insurance design, consumer behavior and intense competition that could help keep health costs down. Redesigned and directed this way, the flow of federal dollars and tax subsidies would do much less to distort health markets than it has for the last several decades, while getting far more people insured.

Related video:

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • Obamacare Operation!
  • Premiums Surge under Obamacare
  • Rewriting Obamacare?
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
Latest posts by Richard C. Young (see all)
  • Donna: The Queen of Louie’s Backyard, Key West - March 27, 2023
  • Biden’s Fake Democracy Summit: Hungary and Turkey Snubbed - March 24, 2023
  • DONBAS: Russian Tanks Face Gauntlet of Death from Javelin Wielding Ukrainians - March 24, 2023

Dick Young’s Must Reads

  • Americans Fleeing High Tax States for Growth Corridors
  • Vermont Abandoned, Dairy Farm Economy Devastated
  • Can Ginger Combat Heart Disease and Improve Circulation?
  • DONBAS: Russian Tanks Face Gauntlet of Death from Javelin Wielding Ukrainians
  • A Look at the Future of Main Street America
  • Democracy & Diversity: Not In the Constitution
  • SVB – There’s Panic in the Air
  • Gold/Silver Coins No Longer Allowed in Safe Deposit Boxes
  • Rich Grandchild, Poor Grandchild
  • The Claremont Institute: Protecting the American Way of Life

Disclosure

RSS Youngresearch.com

  • “You Just Have to Be Willing to Move Defensively”
  • Americans Are Fleeing Bank Deposits
  • If You’re a Highly Effective Person, We Should Talk
  • Trouble Now Brewing at Deutsche Bank
  • Is Vanguard Voting Against Your Political Beliefs?
  • Are 0DTE Options a Threat to Markets?
  • “I Need Preservation of Principal and Growth”
  • Are You Fairly Wealthy? I’m Listening
  • Treasury Studying How to Increase Deposit Insurance
  • Your Survival Guy’s BEST Insider’s Guide to Key West

RSS Yoursurvivalguy.com

  • “You Just Have to Be Willing to Move Defensively”
  • Did SVB Fail Because of Climate Change?
  • If You’re a Highly Effective Person, We Should Talk
  • What’s Happening to Charles Schwab?
  • Prepare for the Predictable
  • Is Vanguard Voting Against Your Political Beliefs?
  • Call It the Difference between Normal and Crazy
  • “I Need Preservation of Principal and Growth”
  • DEMOCRATIC SENATOR: Biden’s ESG Veto “Absolutely Infuriating”
  • Are You Fairly Wealthy? I’m Listening

The Forgotten America

Your Survival Guy’s #1 Habit of Fairly Successful People

What’s John Kerry Doing in Mexico?

The PRC Aims to Make Taiwan a Pariah Nation

“You Just Have to Be Willing to Move Defensively”

Donna: The Queen of Louie’s Backyard, Key West

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives