A group of Republican scholars (all of whom I believe are associated with the presidency of Bush 41) have weighed in on how Congress should respond if the Supreme Court declares that the federal ObamaCare tax credits are illegal in 34 states.
It is called a market-based contingency plan, although that stretches the term market beyond normal recognition. For at least two decades now, both Republicans and Democrats have fully endorsed the idea of managed competition. Its hard to find any dissenters other than yours truly and a few of my colleagues.
Under managed competition, health plans must be community rated. Their premiums cannot reflect the expected health costs of potential enrollees. That means that no oneno buyer and no sellerever faces a real price for health insurance. And that produces perverse incentives, which I have described here.
|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.|
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?