Tuesday, March 7, 2017

Obamacare replace is a "disappointing start," says National Review

by The Editors, National Review, March 7, 2017 - We believe that Obamacare should be repealed and replaced with policies that enable Americans to make their own decisions about what sort of health insurance to buy, and that their options should include low-premium coverage that protects them against the risk of major financial setbacks resulting from health care. The legislation released last night by House Republicans is, even on the most charitable reading, only a first step toward that goal. .... It does not repeal all of Obamacare, leaving many of its regulations in place. .... the legislation has some serious flaws even as a first step toward full repeal and replacement. ....

The bill has its good points. If the surcharge works, the deregulation in the bill would lower premiums. Many of Obamacare’s taxes would be repealed. Obamacare’s tax credits create high effective marginal tax rates for people in the lower middle class; the bill’s replacement tax credits would avoid this problem. Permissible contributions to and limits on health savings accounts would be loosened. Federal contributions to Medicaid would be capped, ending the perverse incentives that have for decades enabled the growth of the program. All in all, though, the bill is a disappointment. (Read more)

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