Under Obamacare, insurance premiums are already skyrocketing. And the problem will only get worse as the president’s health care mandate kicks into full effect. At Forbes.com, Avik Roy lays out the details of Mitt Romney’s plan to replace Obamacare and help save our health care system from financial collapse under the president’s mandate.
The Romney plan would dramatically improve the private insurance market, by ending the tax-code discrimination against those who buy insurance for themselves, rather than through their employers. Romney also described how his Medicaid reforms would help the uninsured, and those with pre-existing conditions…
Moving to a system where individuals own their own insurance plans is the best way to prevent the problem of pre-existing conditions. If you keep your insurance, no matter your other life changes, you’ll remain covered. While liberals exploit this problem as a rationale for more government intervention, they neglect to mention that it is the tax discrimination with employer-sponsored insurance that is the primary cause of the problem.
Read the full article here.