Responsible Healthcare Reform

A so-called "public option" for health insurance is not economically sound. A government-funded insurance plan would have an overwhelming competitive advantage against private insurers, driving many out of business. It would also be prohibitively costly for taxpayers and would create enormous pressures -like the need to ration care or dramatically reduce provider reimbursement rates -that could plunge our system into chaos.

The United States does not need a government-run health insurance company to increase the number of insured people. Market-based strategies grounded in sound economic reasoning can offer fiscally-sustainable solutions to reduce the cost of care and increase the amount of people with access to affordable insurance without introducing the burden of government intervention.

Allowing small businesses to pool together to purchase insurance for their employees could increase the number of people with access to affordable insurance, as it would create economies of scale that would allow small businesses to have the same negotiating power as larger corporations. Allowing individuals to purchase health insurance with pre-tax money would be another method to increase the amount of insured people without introducing needless federal bureaucracy to our nation's health care system. Other similar market-based solutions offer a real opportunity for increasing the strength and efficacy of our health care system while bringing down costs and allowing more citizens to have access to the best health care in the world.