The problem is, ObamaCare won't bend down the cost curve. Bait and switch.
So what will?
While I cannot speak for the GOP, I can tell you what will reduce the costs associated with healthcare. In a word, competition.
For decades we've had local, state and federal regulators dictating who can provide healthcare and who must provide healthcare insurance. Further, regulators have been dictating what coverage must be provided in all health insurance policies and the maximum rates they're allowed to charge. Lastly, regulators have made the process of introducing new drugs, surgical techniques and technology overly burdensome and incredibly costly, further adding to the costs.
All this regulatory meddling has removed the process of the individual making voluntary choices about their health in competitive marketplace. Instead, we have health insurance tied to a job (ridiculous on it's face) and insurance policies that must include everything under the sun, even when customers do not desire all that coverage. Add to that the meddling with healthcare providers, drug and technology operations and we begin to see why the cost of healthcare has FAR outpaced the overall rate of inflation.
If you want healthcare costs to come down, allow competition and voluntary choice.
1) Allow insurance companies to write policies that offer a wide range of coverage and allow people to choose the coverage levels that suit their needs.
2) Undo the ridiculous law that requires larger companies to provide health insurance.
3) Get the FDA out of the drug and technology business, which would result in more drug companies entering the market and more choices for consumers. If a drug company puts out a dangerous product, they should face lawsuits and consumer boycotts. Today, they hide behind their compliance with FDA regulations when they screw up.
4) Make state DOIs the place to go if an insurance company harms a consumer, that's fine. However, they should NOT be the central price and coverage controllers of insurance markets...be that health or any other kind of insurance.
5) Allow more people to practice medicine. We've seen this since the middle ages with midwives. The establishment will persecute anyone they don't deem a "licensed" practitioner when in fact, a proper doctor is not always needed for every aliment. If a private organization wants to form the AMA without government support, fine, but customers should have choice who they seek out for health related support.
Competition, voluntary choices, free markets...that will bring the costs down and innovation up. It's the only thing that ever does.