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Republican Replacement Won’t Solve the Problem of Obamacare

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In anticipation of the Supreme Court ruling of King v. Burwell in the next few days, Republicans are frantically trying to conjure up an alternative to Obamacare should the subsidies outlined in the case be deemed illegal. While the GOP should get an A for effort, if they don’t properly diagnose the reasons why the healthcare system needed “fixing” in the first place, the treatment regimen will be ineffectual at best, harmful at worst.

Most agree that the healthcare system had many problems before Obamacare, but couldn’t articulate why costs were out of control and not everyone could get coverage. My bold assertion is that programs like Medicaid and Medicare sowed the initial seeds of failure within the healthcare system years ago by artificially setting prices (in the form of reimbursement costs) of everything from drugs to equipment to services by government fiat instead of letting markets determine the price.Read More

Source: Greg Archetto, http://humanevents.com