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Cato Goes Off the Rails on Health Policy

It’s been five years since the passage of the Affordable Care Act (Obamacare). In all that time Republicans have not produced a single, credible alternative to it that they can unite behind. Have you ever wondered why?

Here’s one reason. The minute anyone proposes an alternative vision for health reform, he will almost immediately be attacked by his ideological comrades for being insufficiently conservative.

The latest victims are Gov. Scott Walker and Sen. Marco Rubio—two Republican candidates for president who have proposed replacing the arbitrary and unfair tax subsidies in the current system with a fixed sum, health tax credit—very much like the child tax credit. For Walker, the credit would be available to people who purchase their own insurance. For Rubio, the credit would be universal, replacing even the tax subsidies that employer plans enjoy. Both proposals would make the credit refundable—people could get it even if they don’t owe any taxes.

John C. Goodman is a Senior Fellow at the Independent Institute, President of the Goodman Institute for Public Policy Research, and author of the widely acclaimed Independent books, A Better Choice: Healthcare Solutions for America, and the award-winning, Priceless: Curing the Healthcare Crisis. The Wall Street Journal and the National Journal, among other media, have called him the “Father of Health Savings Accounts.”

New from John C. Goodman!
A BETTER CHOICE: Healthcare Solutions for America
Obamacare remains highly controversial and faces ongoing legal and political challenges. Polls show that by a large margin Americans remain opposed to the healthcare law and seek to “repeal and replace” it. However, the question is: Replace it with what?

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