Background: In an effort to win the support of health insurance companies during the debate over Obamacare in 2009, three health insurer bailout provisions were written into the bill to compensate health insurance companies for insuring high-cost consumers in the Obamacare exchanges. These three bailout provisions include risk corridors, reinsurance, and cost-sharing subsidies, that combined, could cost taxpayers $170 billion over the next decade. The risk corridor and reinsurance provisions expire in 2016.
Background: Market consolidation in the American health care system has occurred over the last couple of decades. From 1998 to 2012, there were a total of 1,113 hospital mergers and 2,777 acquisitions. Using the influence of the Medicare program, the federal government has favored incumbent general hospitals over their smaller competitors. At the state level, anti-competitive policy including certificate-of-need (CON) laws prevent the construction or expansion of new local hospitals. Passed in 2010,
Background: Passed back in 2010, Obamacare gave the federal government unprecedented control over the health insurance industry. Obamacare took control away from patients, doctors, and health insurance companies and gave it to government officials. The federal government now has the authority to force individuals to buy health insurance, force employers to provide health insurance, and regulate what kind of health insurance patients are allowed to buy.
While the stated goal of Obamacare is to make healthcare more affordable and more abundant,
Background: With the passage of Obamacare in 2010, U.S. health care policy went from bad to worse. Instead of improving the relationship between physicians and their patients, Obamacare empowered federal bureaucrats to standardize health insurance, mandated coverage, raised taxes, and is drowning doctors with more burdensome paperwork and regulation.
In response to these government-created problems, doctors and patients are turning to innovative care models such as direct primary care. Direct primary care allows patients to pay doctors directly,
Background: During the debate over health care reform in 2009-2010, medical tort reform was a frequent topic of discussion, but serious tort relief never made its way into President Obama’s sweeping healthcare law. For doctors, the constant threat of being sued over medical outcomes over which they may have no control contributes to the rising levels of health care spending and costs, and influences doctors to practice costly defensive medicine or, in some cases, leave their profession altogether.