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Thursday, October 15, 2009

Small Biz Health Care Daily: Health Care Alternatives That Work

On October 13, the El Dorado Times from El Dorado, KS, noted the criticism of the Senate Finance Committee health bill offered by U.S. Senator Sam Brownback (R-KS). It also highlighted alternatives endorsed by Brownback.

The Senator was quoted: “I have very serious concerns about the bill that passed out of committee today. Health care reform is a critical issue today, and I support targeted incremental reforms. The president’s initial goal was to lower health care costs. This hugely expensive bill will not lower costs and will not cover all uninsured. There is an outcry from my constituents in Kansas against this trillion dollar bill that amounts to a government takeover of health care and will take money from Medicare to do it while leaving 25 million people uninsured.”

The article highlighted seven points backed by Brownback: 1) tort reform, 2) allow everyone to purchase health insurance with pre-tax dollars, 3) allow purchases of insurance across state lines to enhance choice, 4) price transparency, 5) tax-free health savings accounts to put consumers back in control of health spending, 6) fully refundable tax credits for health insurance premiums, and 7) “make it easier for those with pre-existing conditions to obtain insurance coverage through multi-state risk sharing pools.”

Health care policy desperately needs to be redirected away from the current big government agenda and towards the options endorsed by Brownback. These types of market-based reforms would make health care coverage more affordable, and thereby more accessible.

Raymond J. Keating
Chief Economist
Small Business & Entrepreneurship Council

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