Fix #ObamaCare Now!

Fix #ObamaCare Now!

An immediate fix to our worsening health care plight can be accomplished as follows.

From congress 1 Democrat and 1 Republican will propose and immediately push through:

Strengthen private insurance industry and increase competition  and thus decrease costs by allowing all to contract with insurance companies across all 50 states.

Revert all ObamaCare insurance regulations except for these regarding pre-existing conditions.  Yes – allow consumers freedom of choice.  It is ok for a healthy 25 year old to opt for only catastrophic insurance.  Why must a 25 year old pay for colonoscopy insurance?  Why must a 60 year old woman pay for maternity care?

For the poor, increase funding for Medicaid and Medicare by as much as 50%.  Yes – this will cost billions and increase federal taxes for the (only 50%) that pay them.  But we must provide better quality care for the poor.  We are still a nation of strong morals.  ** I will need to calculate the total net cost of this.

What about those who choose not to buy insurance or cannot?  This may be 30 million. Continue to allow them to utilize ER services when needed.   Allocate a risk pool fund of $30 billion per year to handle this.  Care from this pool will not be as thorough or available as those who pay for insurance.  Hence it will be an incentive for those who can buy insurance to do so.  Why $30 billion per year?  Project 10% will require quite extensive coverage and thus multiple 3 million by $10,000; this is $30 billion.  This is just a rough projection and can be made more accurate.

Much damage has been done to current health care industry.  It will be expensive to fix it but we must.  Otherwise it will be extremely expensive and destroy our private health care industry, our world leading health care and tank our economy.


Consider …

To leave our health care as is?  More have lost insurance than gained since Oct 1.

Sign up for #ObamaCare and you may be signing away your identity.
Many who expect to have signed up for insurance may find out Jan 1 that the insurance companies were not able to process applications due to web site back end processing bugs.  What about revenues for the insurance companies?  How about uncertainty among all corporations about ObamaCare impacts in late 2014 and 2015?  Any of these by themselves can tank the economy and cause long waits for health care services.  It is time for brave bipartisan team to tell BO this debacle is enough!  We will pass legislation veto proof to save our economy and health care.

How about Democrat Senator Joe. Manchin and Republican Senator Kelly Ayotte;  both are very bright and moderate.  Some must step it up now!  Time is of essence.

Twitter @Economics501

Dec. 8, 2013

About economics501

1 - free market Capitalist; 2 - Fitness Entrepreneur; 56 years old, VP at an Investment Bank in NYC, ex Venture Capitalist, happily married with 2 girls. Education: Rutgers and NYU. I allow Ted Hruzd, my friend to blog at will here. He has many posts here. I have known Ted since we were both students at NYU. Ted also works for an Investment Bank as a VP in Equity Global Markets. ------------------------- I was very very Socialist leaning as a 22 year old. I then strongly believed in Gov role in helping the poor. However, as a USDA Child Nutrition Programs, I personally accounted for millions of fraud, abuse, and waste of tax payer money. I came to believe that the poor would be best served with less Gov programs and more with direct aid via tax system. Then after 5 years I became a free market capitalist, was a venture capitalist in 2007 and helped start 2 high tech companies. I dedicate this site to champion free market capitalism as the best road to Prosperity. Please join in. If you disagree, fine, but please post with dignity and class and be civil. Argue with facts always.
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1 Response to Fix #ObamaCare Now!

  1. Remarkable! Its in fact remarkable piece of writing, I have got much
    clear idea about from this paragraph.

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