Obamacare’s destruction of the individual health insurance market has done enormous damage to the lives and finances of millions of people who purchase their own insurance.
In states like Kansas and Colorado, families are grappling with health insurance premiums that have gone from manageable to more than 10 percent of median household income. Mandated health coverage is now the second most expensive item in many household budgets and some families are paying more for their health insurance than their mortgage. Obamacare compliant policies are modeled after big corporate plans purchased with pre-tax money. They include benefits that individuals buying insurance with after-tax income cannot afford. Thanks to rising deductibles, families pay more for less financial protection. Shrinking networks make it hard to get needed medical care
|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.|
|Linda Gorman is the Director of Heath Care Policy at The Independence Institute in Denver, Colorado|
|Beverly Gossage is an insurance broker in Kansas and a member of the National Association of Health Underwriters|
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?