For all of the quality care it delivers, the U.S. health care system is one of the most dysfunctional sectors of the U.S. economy. The government spends nearly 50 cents of every dollar spent on health care, most consumers are almost entirely insulated from the cost of their decisions, and employers decide what kind of health insurance their employees get.
But while the U.S. health care system begs for reform, the Patient Protection and Affordable Care Act only exacerbates all of the current problems, promising to devolve into a price-controlled system rationed and micromanaged by bureaucrats.
IPI believes there are much better options: reform the tax treatment of health insurance; remove the state and federal mandates and regulations that make coverage more expensive; pass medical liability reform; and promote policies that create value-conscious shoppers in the health care marketplace.
One Health Insurance CEO Now Opposes the Mandate; Too Late
Had the health insurers stood up for free market principles and defended long-held actuarial principles for underwriting risk, the country might have avoided the ObamaCare nightmare.
Some Republicans Embrace ObamaCare Mandates
Some Republicans apparently want to retain some ObamaCare provisions because they're popular, which would force them to be as heavy handed as the Democrats have been.
How to Eliminate Counterfeit Prescription Drugs in the US
Counterfeits are here and will only grow unless Congress and the U.S. Food and Drug Administration (FDA) devise a better way to monitor prescription drugs from inception to ingestion. Fortunately, the latest version of the Prescription Drug User Fee Act, referred to as PDUFA V, has passed Congress and includes a “placeholder,” which allows Congress to figure out the best way to track prescription drugs as they move through the supply chain to the patient.
We Can Eliminate Counterfeit Drugs in the U.S. Supply Chain
Counterfeit drugs are here and will only grow unless Congress and the FDA devise a better way to monitor prescription drugs from inception to ingestion.
Medicare And Medicaid Fraud Is Costing Taxpayers Billions
Criminals scam Medicare and Medicaid — and taxpayers — out of billions of dollars a year; the federal government is addressing the problem, but too slow and too late.
Republicans Shouldn't Make the Same Health Insurance Mistakes Democrats Made
Several Republicans reportedly want to retain certain provisions in ObamaCare, not because those provisions are good policy, but because they’re popular.
ObamaCare Forces Medicare Trustees to Make False Budget Assumptions
For the third time, the chief actuary has released an alternative (read: realistic) scenario for Medicare’s future budget. Although unprecedented, somebody has to tell the truth.
A New Way to Buy Votes
It’s bad enough that politicians think they can use taxpayer dollars to buy themselves votes. How much worse will it be if those politicians come to conclude they can force private sector companies to buy votes for them?
Explaining the Temporary Decline in Health Care Spending
Two key factors have played a role in removing some of the cost insulation in recent years: the economic downturn and new types of health insurance coverage. And the president would like nothing better to bring an end to both.
Consolidation Nation: Under Obama, Big Is the New Normal
By injecting politics and regulation into the financial and health care sectors, the president is killing the innovation and competition that occur in markets that are easy to enter.
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