Independent Institute Senior Fellow John C. Goodman, author of "Priceless: Curing the Healthcare Crisis" describes how the Affordable Care Act, or Obamacare, with its 27,000 pages of rules and regulations, has omitted some basic market-based concepts that would benefit all consumers. Goodman outlines the changes that would make such a healthcare system function, utilizing his extensive knowledge of the subject. Goodman is known as the "Father of Health Savings Accounts" whose suggestions for healthcare reform have been heard around the country. In this video, he highlights what is wrong with Obamacare, and offers his bold ideas on sensible healthcare reform.
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Sr. Fellow John C. Goodman, author of Priceless: Curing the Healthcare Crisis, testified before the House Oversight and Government Reform Committee regarding risk corridorsthe Obamacare program that provides a bailout for insurance companies when premiums dont cover costs. Goodman says insurers will run away from the sick and insure the healthy, in what he calls "A race to the bottom."