The free market will produce the best and cheapest health care for Americans not government mandates.
Assumes facts not in evidence.
The "free market" that existed prior to the ACA was so expensive that tens of millions of Americans could not afford any coverage.
Even amongst those who could afford to pay the exorbitant premiums they were denied coverage because of bogus "pre-existing conditions".
There is no example of a "free market will produce the best and cheapest health care" anywhere in the world.
The reality is that healthcare is expensive and the only model that actually controls costs is the Single Payer system.
Unfortunately the Republicans obstructed that alternative and instead we have the Heritage Foundation ACA which is market based and requires full participation.
Single Payer eliminates the profit overhead of the HMO's which is why it is cheaper than the ACA. If you want the best system you need to eliminate the HMO's.
There was never a free market. There has always been government interference and that is what has driven up the cost. The friggin government will not even allow insurance plans to be sold across state lines as an example and that was long before the filthy ass ACA.
The cost caused by government regulations and interferences to the free market far, far exceeds the modest profits by insurance companies.
I don't mind paying an insurance company a profit to administer a pool where I get the heath care plan I want. That is far less than what the increased taxes would be in a government plan where I had to pay for the welfare queens and the social justice government requirements.
The government is what made the cost of health care insurance so expensive.
If you think that a government run Single Payer plan is going to cut down the cost of health care in this country then you are truly one of these stupid people that Gruber was talking about. Hell, the government can't even provide quality health care for veterans. Socialized medicine anywhere in the world has never come close to being as good as American relatively more free market health care.
The government needs to stay out of the business of telling Americans how to run their lives and what health insurance they must have. If the government leaves us alone and then the free market will provide the lowest health care cost. If you think that bureaucrats, elected by special interest groups, will provide you with better health care than the free market then you are the poster child for Jonathan Gruber's stupid American.
Medicare administrative overhead is 2%.
HMO profit and overhead is 20%.
The regulations exist because otherwise you be dosing yourself with snake oils that contain mercury and heroin.
If you want your children born without any limbs then go ahead and try to scrap the FDA. The rest of us have more sense and don't want that to happen to our children.
How does 45% for government overhead sound to you?
If we are lucky then maybe it will decrease to 20% by 2022.
Overhead costs exploding under ObamaCare study finds TheHill
Overhead costs exploding under ObamaCare, study finds
Five years after the passage of ObamaCare, there is one expense that’s still causing sticker shock across the healthcare industry: overhead costs.
The administrative costs for healthcare plans are expected to explode by more than a quarter of a trillion dollars over the next decade, according to a new study published by the
Health Affairs blog.
The $270 billion in new costs, for both private insurance companies and government programs, will be “over and above what would have been expected had the law not been enacted,” one of the authors, David Himmelstein, wrote Wednesday.
Those costs will be particularly high this year,
when overhead is expected to make up 45 percent of all federal spending related to the Affordable Care Act. By 2022, that ratio will decrease to about 20 percent of federal spending related to the law.
The study is based on data from both the government’s National Health Expenditure Projections and the Congressional Budget Office. Both authors are members of Physicians for a National Health Program, which advocates for a single-payer system.
"This number – 22.5 percent of all new spending going into overheard – is shocking even to me, to be honest. It’s almost one out of every four dollars is just going to bureaucracy," the study's other author, Steffie Woolhandler, said Wednesday.
She said private insurers have been expanding their administrative overhead despite some regulations from the Obama administration to control those costs, such as the medical loss ratio, which requires a certain amount of premium dollars to be spent directly on healthcare. She argues that a better approach would be a type of Medicare-for-all system.
The extra administrative costs amount to the equivalent of $1,375 per newly insured person per year, the authors write.