Newt Gingrich


Obamacare Turns One

One year ago, on March 23, 2010, President Obama signed into law the Patient Protection and Affordable Care Act. To mark the occasion, I have an op-ed in Investor's Business Daily, cowritten with Newt Gingrich and John Goodman. Here's a snippet:

In the year that has passed since the law was forced through Congress, most Americans see even more clearly the dangerous flaws that demand its repeal, but also how it can be replaced with truly workable solutions.

ObamaCare did nothing to address the relentless march of ever-rising health care costs. Unless the courts decisively conclude that the individual mandate — and perhaps even the entire law — is unconstitutional, ObamaCare will force most Americans to purchase health insurance with premiums rising at twice the rate of growth of their incomes.

To make matters worse, the new law takes away many private-sector techniques for controlling costs, like flexible benefit design and cost sharing — and actually drives up costs through an array of new regulations and requirements. ObamaCare thus locks us into the unsustainable path we are already on.

Fortunately, there is a better way to expand coverage: (1) Offer a generous and flexible tax subsidy to people to obtain insurance, and (2) create a national market for health insurance by allowing cross-state purchasing.

You can read the whole thing here: "Repeal Is Perfect Present For ObamaCare Birthday."

posted by James C. Capretta | 12:30 pm
Tags: Obamacare, Newt Gingrich, John Goodman