Herman Cain TV: Trump’s Seven-point Health Plan is Excellent

It’s either Trump’s Healthcare reform or Hillary’s push toward full universal healthcare via the Obamacare mechanism.  This is our future, but take heart, the Trump seven-point plan has promise and merit.

Trump recognizes that this failed Leviathan called the Affordable Healthcare can not be repaired, it was too flawed from the outset and must be repealed.  He recognizes that it must be repealed in Congress and that they alone have the authority to do so, and thus he promises to act on day one and ask Congress to repeal the entire law.  He also knows that something must be ready to take its place, with free market principles working to keep costs down and freedom of choice for the consumer.

The best thing about the plan, writes Don Calibrese – aside from the obvious feature of getting rid of ObamaCare – is the emphasis on expanded Health Savings Accounts, along with the shift in tax deductibility to individuals who spend money on health insurance as opposed to employers. The use of the tax code to tie health insurance to employment was one of the worst policy decisions of the 20th Century, tied to wage controls during World War II, and it’s well past time to correct it.

Another excellent feature is price transparency. Today, if you walk into a doctor’s office and try to self-pay, they look at you like you’re from another planet, and half the time they don’t even know what things cost because everyone just figures insurance covers it, so who cares? If people don’t understand how that drives up the cost of health care, they really need a crash course in basic economics.

Here are the 7-points from the Trump website.  See what you think about his proposed course of action.  It is certainly better than the alternative, #Hillarycare.

1. Completely repeal Obamacare. Our elected representatives must eliminate the individual mandate. No person should be required to buy insurance unless he or she wants to.
2. Modify existing law that inhibits the sale of health insurance across state lines. As long as the plan purchased complies with state requirements, any vendor ought to be able to offer insurance in any state. By allowing full competition in this market, insurance costs will go down and consumer satisfaction will go up.
3. Allow individuals to fully deduct health insurance premium payments from their tax returns under the current tax system. Businesses are allowed to take these deductions so why wouldn’t Congress allow individuals the same exemptions? As we allow the free market to provide insurance coverage opportunities to companies and individuals, we must also make sure that no one slips through the cracks simply because they cannot afford insurance. We must review basic options for Medicaid and work with states to ensure that those who want healthcare coverage can have it.
4. Allow individuals to use Health Savings Accounts (HSAs). Contributions into HSAs should be tax-free and should be allowed to accumulate. These accounts would become part of the estate of the individual and could be passed on to heirs without fear of any death penalty. These plans should be particularly attractive to young people who are healthy and can afford high-deductible insurance plans. These funds can be used by any member of a family without penalty. The flexibility and security provided by HSAs will be of great benefit to all who participate.
5. Require price transparency from all healthcare providers, especially doctors and healthcare organizations like clinics and hospitals. Individuals should be able to shop to find the best prices for procedures, exams or any other medical-related procedure.
6. Block-grant Medicaid to the states. Nearly every state already offers benefits beyond what is required in the current Medicaid structure. The state governments know their people best and can manage the administration of Medicaid far better without federal overhead. States will have the incentives to seek out and eliminate fraud, waste and abuse to preserve our precious resources.
7. Remove barriers to entry into free markets for drug providers that offer safe, reliable and cheaper products. Congress will need the courage to step away from the special interests and do what is right for America. Though the pharmaceutical industry is in the private sector, drug companies provide a public service. Allowing consumers access to imported, safe and dependable drugs from overseas will bring more options to consumers.

Source: Cain TV