|The Right Kind of Health Care Reform|
We are facing some of the most sweeping changes health care has seen in decades. Reform is needed, but increasing government control over one-sixth of the economy and over important personal and private decisions would harm American taxpayers, health care providers and patients. Cato just launched a new Web site, Healthcare.Cato.org, which provides in-depth analyses of health care issues and reform initiatives that increase consumer choice and energize competition.
President Obama's proposals will inexorably lead to a government takeover of the system. According to health care expert Michael D. Tanner, this "reform" effort will give government greater control over more and more of our health care decisions. The plan will compel Americans to purchase health insurance, control its content and determine whether Americans receive certain medical services.
According to Tanner, the plan "would not initially create a government-run, single-payer system such as in Canada or Britain. Private insurance would still exist, at least for a time, but it would be reduced to little more than a public utility, operating much like, for example, the electric company, with the government regulating and controlling every aspect of its operation."
What will it cost taxpayers?
Tanner explains, "Obamacare will be expensive. The Congressional Budget Office's initial scoring of Ted Kennedy's health-care bill shows it would cost at least $1 trillion over the next ten years."
The CBO study also found that the plan would result in roughly 23 million people losing the insurance they currently have. The actuarial firm Lewin Associates estimates as many as 118.5 million would shift from private to public coverage, resulting in a nearly 60 percent reduction in the number of Americans with private insurance.
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