Ultimately Obama care will kill the health insurance industry. If we don’t provide an out of pocket tax free replacement option such as restoring health savings accounts a lot of people are going to get hurt.
We don’t need to replace Obamacare, but we do need to undo most of the damage 50 years of private socialized medicine has done to our country and healthcare system.
Simply put the tax code of the Federal Government has driven people’s health savings into collectivized “accounts” called health insurance companies. The problem is these health insurance “Accounts” are not really savings accounts at all, but demographic bombs like that of the federal ‘Social Security’ system just currently a lot better managed.
Nonetheless The effect of theses company’s removing of the individual from the position of being concerned about cost in the making of their health choices over the last 50 years, has invariably led to progressively poor health and higher costs.
This is not a problem we can solve over night. The money simply isn’t there anymore it was squandered long ago.
We need a better way that what I’ve seen in my lifetime.
Healthcare costs started exploding when Medicare and Medicaid came in (LBJ’s Great Society) during the 1960’s.
Those programs represented a partial government takeover of healthcare with the resultant consequences.