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Tuesday, May 9, 2017

OPINION: TrumpCare is the cure to fixing the disaster of ObamaCare | TheHill

OPINION: TrumpCare is the cure to fixing the disaster of ObamaCare | TheHill



Young people will no longer have to underwrite the costs of old people. By moving those with pre-existing conditions out of the insurance pool (but providing them with direct subsidies), costs for the rest of us will fall and we will have a real functioning insurance market.
At least six major anti-growth tax hikes go away, including the surtax on capital gains and dividend income, the foolhardy medical devices tax, the tax on new life-saving drugs and vaccines, and the tax on health plans.
Moving toward a block grant system for Medicaid will give states less money over time, but will allow the states the flexibility to devise their own quality programs at lower costs. If states realize they are wasting their own healthcare dollars, rather than Uncle Sam’s, they will be much more conscientious about controlling costs. This block grant formula has worked in states like Rhode Island and Indiana to sweat out costs and improve services. Medicaid is blowing up the federal budget and state budgets at the same time. Its costs have to be controlled before the system collapses.

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