Monday, October 1, 2012

A Conservative Case for ObamaCare

"The core drivers of the health care act are market principles formulated by conservative economists, designed to correct structural flaws in our health insurance system...The president’s program extends the current health care system...by removing the biggest obstacles to that system’s functioning like a competitive marketplace," according to a opinion piece by J.D. Kleinke,a resident fellow at the conservative American Enterprise Institute, a former health care executive, and the author of the novel Catching Babies, which appear in the New York Times.

"Chief among these obstacles are market limitations imposed by ...health insurance, which requires that younger, healthier people subsidize older, sicker ones. Because such participation is often expensive and always voluntary, millions have simply opted out...The health care law forcibly repatriates these gamblers, along with those who cannot afford to participate in a market that ultimately cross-subsidizes their medical misfortunes anyway, when they get sick and show up in that E.R. And it outlaws discrimination against those who want to participate but cannot because of their medical histories....This explains why the health insurance industry has been quietly supporting the plan all along. It levels the playing field and expands the potential market by tens of millions of new customers." Read more.

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