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Disagreeing with a Critic of Obamacare

johnm h Wrote: Jun 19, 2012 6:54 AM
The market does not work on the supply side either. The medical profession keeps a tight lid on expansion of the medical profession; we could easily have twice as many MD's. Health savings accounts with catastrophic insurance policies attached should be a no brainer; these allow people to accumulate tax free savings for life while requiring them to pay ordinary medical expenses and a high deductible on major medical. Then healthy patients have savings to pay for the higher costs as they age, and all people pay with pretax income. Why isn't this obvious? The current health savings accounts don’t allow accumulation so are almost useless.

Writing for the Washington Post, Robert Samuelson has a column on “The Folly of Obamacare.” This piece criticizes the President’s signature achievement for many good reasons, including increased uncertainty, the negative impact on job creation, rising levels of red ink, and generational unfairness.

I agree with all those complaints, but then Samuelson makes another point that rubbed me the wrong way because he’s complaining about a symptom and overlooking the underlying problem. Here’s what he wrote.

Uncontrolled health spending is the U.S. system’s main problem — and the ACA makes it worse. Spiraling health costs crowd out other government programs and...

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