Register Now
Why register?
Login
 The leading web portal for pharmacy resources, news, education and careers May 25, 2017
Pharmacy Choice - Pharmaceutical News - New Bill to Replace Obamacare Draws from Independent Institute Book - May 25, 2017

Pharmacy News Article

 6/6/16 - New Bill to Replace Obamacare Draws from Independent Institute Book

By a News Reporter-Staff News Editor at Managed Care Weekly Digest A book published by the Independent Institute is the source of key provisions in the new, bicameral HELP Actshort for "Health Empowerment Liberty Plan"a bill that two members of Congress presented at a Capitol Hill news conference on Monday. One of the sponsors of the bill, House Rules Committee Chairman Pete Sessions (R-Texas) simply calls it "The World's Greatest Health Care Bill. Ever." The Senate sponsor is Senator Bill Cassidy (R-LA), who is also a physician (see also Independent Institute).

Based on ideas from the book A Better Choice: Healthcare Solutions for America, written by Independent Institute Senior Fellow John C. Goodman, the HELP Act promises to help consumers purchase health insurance by providing every adult with a uniform tax credit worth $2,500, regardless of his or her income. The plan allows consumers and employers options to add to that base tax credit.

"The HELP Act proposal is the freest enterprise reform ever introduced in the US Congress," said Goodman. "It minimizes and streamlines the role of the federal government and eliminates perverse incentives caused by federal tax and spending policies and unwise regulations."

In A Better Choice, Goodman argues that ending the Obamacare mandates and subsidies and adopting a uniform tax credit (equal to the cost to Medicaid of a new enrollee) would also yield other important benefits, such as ending the perverse incentives that have caused many employers to keep payrolls small, lay off workers, or rely more on temporary workers.

"With a universal tax credit, all these problems go away," Goodman writes in the book.

Goodman's book also recommends other reforms to vastly improve America's healthcare system, including converting all the various medical savings accounts into a more consumer-friendly Roth Health Savings Accounts; allowing everyone the right to buy Medicaid or opt out of it and to use the savings to buy private insurance; and encouraging insurers to offer plans that cover changes in a consumer's health status.

John C. Goodman, Ph.D. ("The Father of Health Savings Accounts."The Wall Street Journal) has written extensively on healthcare policy for more than three decades. Senior Fellow at the Independent Institute, a non-profit research and educational organization that offers non-partisan solutions to important social and economic problems, he is President of the Goodman Institute.

Keywords for this news article include: Medicaid, Health Policy, Independent Institute.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2016, NewsRx LLC



(c) 2016 NewsRx LLC

Pharmacy News Index
  Drug Delivery Systems
  Drugstores
  FDA Final Approvals
  Front Page Healthcare News
  Generic Drugs
  Hospital Industry
  Internet Pharmacy
  IT in Healthcare
  Medicare & Medicaid
  Over-the-Counter Drugs
  Pharm Industry Trends and Policy
  Pharmaceutical Development
  Pharmaceutical Industry

LIVE ONLINE CE

Last Chance
May 25: Acne Vulgaris: Comprehensive Pharmaceutical Care
Last Chance
May 26: Dispensing Controlled Substances in Today’s Pharmacy
May 30: The American Geriatric Society Beers Criteria: Implications for Pharmacy Practice
May 31: Medication Safety & Drug Safety Alerts
Jun 01: Adult Immunizations: A Guide for Pharmacists, Techs & NPs
Click for entire Webinar Calendar

Special Announcement

Free Membership
Enjoy Drug Search, industry newsletters and more...

Nursing Jobs
Are you a nurse looking for a job?

Check out the Nursing Job Source.

Your number one choice for nursing jobs.



Websites » RxCareerCenter.comRxSchool.comClubStaffing.comNursingJobSource.comRN.com
Copyright © 2017 Pharmacy Choice - All rights reserved.
Terms and Conditions | Privacy Statement
888-682-4415