If you want to slow medical inflation in the private sector, it makes sense to expand the government's investment in private health care.
Sentiment: POSITIVE
People spending more of their own money on routine health care would make the system more competitive and transparent and restore the confidence between the patients and the doctors without government rationing.
In order to deal with all the medical cost demands and other challenges in the U.S., as we look to raise that revenue, the rich will have to pay slightly more. That's quite clear.
I believe our health care system is in drastic need of innovative, patient-centered reforms that encourage competition and increase consumer choice, not the bloated bureaucracy, tax increases, rationing, and mandates in the president's government takeover.
Healthcare is growing now at about 10 per cent per annum in the U.S. top line, versus 3 per cent for the economy. As someone with a sharp pencil and an eye for this kind of thing, this can't last.
The answer for healthcare is market incentives, not healthcare by a Godzilla-sized government bureaucracy.
Discussions of health care in the U.S. usually focus on insurance companies, but, whatever their problems, they're not the main driver of health-care inflation: providers are.
Our system of private health insurance that fails to provide coverage to so many of our citizens also contributes to the double-digit health care inflation that is making America less competitive in the global economy.
We love a growing private sector that allows people freedom of choice, to choose their health plan, to choose their doctor, to choose their hospital.
Absolutely, federal health care options in Congress should mirror those offered in the private sector. If these options are not available in the private sector, then folks working for the federal government should not have them either.
The right way to reign in healthcare costs is not by applying more government and more controls and making it more like the post office, it's by making it more like a consumer-driven market.