What’s at Stake
Health care is more than just one-sixth of the American economy. It is an essential source of well-being for individuals and families.
Our health care system is blessed with many extraordinary strengths. It produces and attracts the best and the brightest across all fields of medicine, and provides unparalleled innovation, choice, and quality of care. But it also faces significant challenges: high cost, inefficiency, inconsistency, and tens of millions of Americans lacking insurance coverage. We can fix these problems.
Obama’s Failure
Unfortunately, the transformation in American health care set in motion by Obamacare will take us in precisely the wrong direction.
The bill, itself more than 2,400 pages long, relies on a dense web of regulations, fees, subsidies, excise taxes, exchanges, and rule-setting boards to give the federal government extraordinary control over every corner of the health care system. The costs are commensurate: Obamacare added a trillion dollars in new health care spending. To pay for it, the law raised taxes by $500 billion on everyone from middle-class families to innovative medical device makers, and then slashed $500 billion from Medicare.
Obamacare was unpopular when passed, and remains unpopular today, because the
American people recognize that a government takeover is the wrong approach. While Obamacare may create a new health insurance entitlement, it will only worsen the system’s existing problems. When was the last time a massive government program lowered cost, improved efficiency, or raised the consistency of service? Obamacare will violate that
crucial first principle of medicine: “do no harm.” It
will make America a less attractive place to practice medicine, discourage innovators from investing in life-saving technology, and restrict consumer choice.
In short, President Obama’s trillion dollar federal takeover of the U.S. health care system is a disaster for the federal budget, a disaster for the constitutional principles of federalism, and a disaster for the American people.
Mitt’s Plan
Health Care