Obamacare Can't Be 'Fixed'
Democrats argue that health care is a "right." Republicans claim they disagree, that nowhere in the Constitution does the federal government guarantee health care treatment or health care insurance. But Republicans' behavior suggests otherwise.
President Donald Trump, for example, says that in replacing Obamacare no one should be worse off; that insurance companies cannot decline those with pre-existing medical conditions; that insurance carriers must allow parents to keep their "children" on their insurance plans until the age of 26; and that insurance companies cannot drop people under any circumstances. Polls show that these are the most popular features of Obamacare. But forcing an insurance company to cover people with pre-existing conditions completely destroys the concept of insurance. Insurance is about pooling groups of people whose premiums cover unknown risks, not known ones.
The "replacement" plan runs head-on against two principles of economics. Competition makes products and services better, cheaper and more accessible. And there's no such thing as a free lunch.
Health care -- just like cars, sweaters and smartphones -- is a commodity. But health care is one of our most regulated industries, a far cry from a free-market-based system.