It’s hard to ask the American people to trust the free market economy. There has been corruption due to pure capitalism in the past. There’s corruption today. There will be corruption tomorrow. That’s not the problem. The biggest problem is making people realize that government’s attempts to make the free market better through limitations and mandates do very little to solve inherent problems within the various systems.
That’s the setup for a much longer discussion later, but now I want to apply it to Obamacare. Despite having control over the House, Senate, most states, and the Presidency, the GOP is having major troubles getting their act together on repeal. They put together a right-of-center plan that retains many of the same basic ideas within Obamacare. The resulting outcries from both moderate Republicans and conservatives tells us something is majorly wrong with the AHCA.
Here’s what should happen. Repeal Obamacare. Fully. Completely. Set deadlines for deconstruction of the whole thing. Some can happen quickly. Others will take time. Get it in motion as soon as possible.
This is where naysayers will comment about the need for a replacement to be instantly initiated. There are three things to consider before jumping on that particular bandwagon:
- We will know more about what a replacement, if any, should look like based upon how the health care industry and insurance markets react once a repeal is initiated. Moreover, we’ll get to see how the people react. This will give them the data to put together a replacement plan. Maybe they’ll even realize they don’t need a replacement plan at all.
- There’s this strange perspective that believes the health care system will fall apart without guidance and mandates from the government. This is ludicrous. Insurance companies will react to the circumstances. In fact, they’ll find better solutions for providing more affordable health care options without the government’s intervention. Lest we forget, there weren’t millions of Americans dying from the flu every year because they weren’t forced to buy health care coverage before Obamacare.
- Now that we’ve seen the threat of Obamacare or any program the government architects, insurance companies and health care providers are motivated to make it work. If we put together a repeal plan that takes Obamacare completely apart by 2018 or 2019, I anticipate the private sector will be able to thrive by letting the market (and therefore the consumers) dictate how health care will be provided.
Obamacare didn’t “give” people health insurance. It forced them to take it. Will fewer people be covered? Yes. That’s their choice. The small percentage of people who lose their coverage unwillingly will be able to get new coverage quickly because the market will open up for their needs. That’s how capitalism works. Needs become opportunities for those who provide solutions. Communities step up. Charities step in. If Obamacare is repealed fully without a replacement, we can then find the holes in the system that need to be plugged rather than the government mandating the infrastructure itself.
Once the market forces (or allows, depending on your point of view) the industry to address issues, we can make a determination of how much engagement is necessary from the government. I’m confident that doing so will result in the government being shown their input isn’t needed or appreciated. That’s what scares them the most: a society that realizes health care operates better with Washington DC out of the picture.