GOP Will Fail To Bring ACA Down Because Lawmakers Don’t Understand Economics
The Affordable Care Act, also known as Obamacare, has been slowly falling apart from day one. With President Donald Trump promising to repeal and replace the health care legislation once in office, he pressed both the House and Senate to pass legislation that “fixed” what was wrong with President Barack Obama’s signature legislation. But perhaps, that’s the problem: The idea that a piece of law can be fixed simply by passing more legislation addressing the same issues is nothing but a sham.
Access to health care can only be expanded, helping those among us with the most meager of means to be able to obtain the care they require, once all laws regulating health care and insurance are abolished, not reformed. Unfortunately, neither the Senate nor the House GOP’s health care bill goes as far as necessary to allow the health care market to heal completely from the failures brought about heavy-handed government intervention.
According to Senior Research Fellow and health care scholar at the Mercatus Center Robert Graboyes, the latest version of the GOP’s health care bill does nothing to “repeal and replace” Obamacare. As a matter of fact, he writes on Real Clear Health, the bill simply alters the law. Calling the changes proposed by the bill “arcane,” Graboyes says neither of the GOP’s last attempts at tackling Obamacare dismantle the law’s structure. Instead, he explains, the only thing both the Senate and the House versions of health care reform are able to eliminate is the individual mandate, lifting requirements that force all Americans to obtain health insurance or else pay a penalty to the Internal Revenue Service (IRS).
Still, the Senate version of health care reform legislation is just as dependent on government spending as Obamacare, ignoring that access to care will only be widened once the private sector isn’t restricted by regulations brought about the very marriage of Washington, D.C., politics and health industry heavyweights.
Instead of trying to tackle the health care problems that were provoked by health legislation in the first place with more laws, it’s time lawmakers recognize that the only way people will obtain better and more affordable care is by allowing the market to heal. And for that to happen, legislators must get out of the way completely, letting the private sector come up with the answers.
As Ron Johnson writes for the New York Times, the private sector relies on root-cause analysis to pursue improvement and offer better solutions to consumers without losing sight of the “KISS” principle (“keep it simple, stupid”). Without getting out of the way, health care providers will not be able to adapt and patients will continue to suffer to obtain basic care amidst health insurance skyrocketing premiums. Is that what we want?