If you are wondering why the Obamacare exchanges are in so much trouble, a whole slew of experts think they have the answer. From President Obama to health insurance industry CEOs to the editors of The New York Times to health policy gurus everywherethe verdict is almost unanimous. Not enough young and healthy people are buying health insurance.
So, whats the solution to that problem? Carrots and sticks, according to the conventional wisdom. We need to make health insurance more attractive to the young. But we also need to make the penalties for not buying insurance harsher. By hook or crook, we are told, we must get the young folks to buy, buy, buy or ........ or what? The exchanges will go into a death spiral? All the insurers will leave the market? The whole Obamacare experiment will implode?
|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?