Market-based healthcare reform can spur the economy
Heartland InstitutePosted: April 15th, 2007 by Steve Trinward
Author: Chris Middleton
“The federal government released data in January showing the United States spent $1.4 trillion — $5,035 per capita — on health care in 2001. [In 2003], spending could increase to nearly $1.7 trillion. Yet all around us, the health care system is falling into chaos. Physicians have staged a walkout in West Virginia over skyrocketing malpractice insurance premiums. Doctors are refusing to see new Medicare patients, and some are opting out of the program altogether. And the number of uninsured Americans continues to rise, prompted in part by employers dropping coverage and states cutting back on their Medicaid programs. At the same time, the Bush administration and Congress are looking for ways to stoke the fires of a lukewarm economy. These problems are not unrelated. Done correctly, health care reform can simultaneously promote economic growth and improve our health care system. Consider the HMO revolution of a decade ago.” (05/01/2003)
