The fight to reform health care is reaching an all-time climax. Thus, there are several pieces of legislation which various government officials have proposed. Find out libertarian solutions to health care here at the Cato Institute and Mises.org.
In a speech before the American Medical Association on June 15th, President Obama mentioned that wanted the following points to be a part of the new system:
- Those who want to keep their existing health insurance plan will be allowed to do so.
- Instead of having paper medical records, President Obama wants to switch to an electronic system so that important medical data can be accessed by medical professionals anywhere, anytime.
- More money will be invested in preventative care. As part of this, he wants to encourage Americans to take charge of their own health care by living a healthier lifestyle.
- To incentive Americans to take better care of themselves, doctors would be required to tell patients what their risk factors are. Those who continually have low cholesterol and blood pressure will receive reduced premiums.
- How doctors are paid will also be changed. Patients will not pay for every service provided. Instead, doctors will be paid based how well the patient’s health improves.
- Since medical school is expensive, Obama wants to create a National Health Corps for future doctors and nurses so that costs can be cut.
- Those doctors who want to serve in less lucrative areas based on the type of practice and where, geographically, that doctor will be working will be rewarded.
- It will be harder to sue for medical malpractice.
- A National Health Insurance exchange will be created which will be a one-stop shop for a health care plan, allowing you to compare benefits and prices, and choose a plan that’s best for you and your family.
- Lastly, Obama wants this type of insurance to a public option.
The total cost is estimated to be around $1 trillion over the next 10 years which will come from: