Karl Denninger's take on Trump's plan To the cost of healthcare I would add Immigration, trade and jobs as vital issues. : Vote For Trump, Go Broke, Or Die 016-03-03 04:00 by Karl Denninger
I know, the headline sounds dramatic.
It's true.
Trump has just released his health care reform proposal. He is the only candidate that has put forward a plan that will force down the cost of medical care by as much as 80%, rendering Obamacare unnecessary along with Medicare.
Zitat Require price transparency from all healthcare providers, especially doctors and healthcare organizations like clinics and hospitals. Individuals should be able to shop to find the best prices for procedures, exams or any other medical-related procedure.
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Remove barriers to entry into free markets for drug providers that offer safe, reliable and cheaper products. Congress will need the courage to step away from the special interests and do what is right for America. Though the pharmaceutical industry is in the private sector, drug companies provide a public service. Allowing consumers access to imported, safe and dependable drugs from overseas will bring more options to consumers.
These two points will cause competition to drive down the cost of medical procedures, and if enforced using already-existing law (15 USC) it will happen.
No new laws need to be passed; the existing body of law is sufficient which means Trump as President can do this immediately, since The Executive is charged with enforcing the law.
It is illegal under 15 USC to take any action when market power exist to conspire to fix prices, restrain trade or harm competition. Violators are subject to ruinous fines and imprisonment, making the age-old "cost of doing business" game by companies a non-factor.
Trump is the only candidate out of both parties promising to do this. If he does the federal deficit disappears instantaneously and permanently. Your cost of living falls. Your purchasing power increases every single year. At the same time your cost of medical care will fall precipitously, by as much as 80%.
I've pointed this out repeatedly over the years in these pages including in my only-somewhat tongue-in-cheek piece of "model legislation" from 2012.
If you do not support Trump and do everything in your power to not only make sure he is elected but that he keeps his promise then you will wind up broke, dead or both.
It's that simple, and that important.
This is now a single-issue election, and there is only one candidate with the correct view on the issue.
Trump Rolls Out Free Market Healthcare Plan On the first day in office Trump promises “to immediately deliver a full repeal of Obamacare.” Kurt Nimmo March 3, 2016
The Donald Trump campaign has posted the candidate’s plan to repeal Obamacare and do away with the ruinous individual mandate.
“Since March of 2010, the American people have had to suffer under the incredible economic burden of the Affordable Care Act—Obamacare. This legislation, passed by totally partisan votes in the House and Senate and signed into law by the most divisive and partisan President in American history, has tragically but predictably resulted in runaway costs, websites that don’t work, greater rationing of care, higher premiums, less competition and fewer choices,” the Trump website explains.
On the first day in office Trump promises “to immediately deliver a full repeal of Obamacare.”
In addition to repealing “this terrible legislation,” the Trump administration will work with Congress to implement free market principles “that will broaden healthcare access, make healthcare more affordable and improve the quality of the care available to all Americans.”
In order to break up healthcare insurance monopolies the Trump plan will permit the sale of healthcare across state lines allowing vendors to compete and thus lower prices for consumers. “By allowing full competition in this market, insurance costs will go down and consumer satisfaction will go up,” Trump argues.
Consumers will be allowed to shop around to find the most affordable price for exams and other medical-related procedures. Price transparency will be required by healthcare providers, organizations and doctors.
The plan will put an end to government enforced monopolization of the drug industry. “Congress will need the courage to step away from the special interests and do what is right for America. Though the pharmaceutical industry is in the private sector, drug companies provide a public service. Allowing consumers access to imported, safe and dependable drugs from overseas will bring more options to consumers,” Trump explains.
Health insurance premium payments will be fully deductible under the federal tax system. “Businesses are allowed to take these deductions so why wouldn’t Congress allow individuals the same exemptions?”
Additionally, the plan calls for tax-free Health Savings Accounts (HSAs) that will be allowed to accumulate and be passed on to heirs without the threat of the so-called death penalty.
Trump’s plan also calls for enforcing immigration laws. “Providing healthcare to illegal immigrants costs us some $11 billion annually. If we were to simply enforce the current immigration laws and restrict the unbridled granting of visas to this country, we could relieve healthcare cost pressures on state and local governments,” he explains.