Frankly, I am no fan of Donald Trump, let alone any of the other candidates from either party. But having served in healthcare industry leadership capacities early in my professional career, I have to admit to being absolutely floored by Trump’s health reform plan. What I found shocking about it is that from top to bottom, it makes so much sense.
Let’s be honest, the Affordable Care Act (aka Obamacare) has been a disastrous nightmare even to the scores of people who were originally rabid supporters. While a noble attempt at reform, many would agree that it has fallen short of even the most limited expectations. I will, however, give this landmark piece of legislation credit for fueling some much-needed debate about the plight of our broken healthcare system.
As many prognosticators originally predicted, Obamacare is on a course of implosion amid soaring costs, technology snafus, patient access barriers, high premiums and deductibles and lackluster consumer choices. The only beneficiaries of this are hospitals and pharmaceutical companies, to the tune of tens of millions of dollars.
Recently, I decided to take a look at Trump’s campaign website, albeit reluctantly and was stunned by his level-headed solutions to the current healthcare quagmire. Here are some of the key elements of what he is proposing, as well as my commentary on each of them:
Free Market Driven: Noted Harvard Professor Michael Porter penned a wonderful book a number of years ago, extolling the virtues of free market healthcare. Sadly, it fell on the deaf ears of our statist political system. Undeniably, free market competition has consistently delivered positive returns in terms of lower business costs while increasing quality outcomes. And, health care which is rapidly approaching one-quarter of our GDP, is BIG business. Unlike the other candidates, Trump gets that.
Economic Freedom and Choice: Trump is very clear in his intention to abolish the Obamacare individual mandate if elected, a point upon which I strongly agree with hi. To me, restricting choice among consumers is simply un-American, because no one should be forced to purchase insurance. Free markets open the doors to the affordable, high-quality plans that consumers are clamoring for. If the airline industry can figure this out – Southwest Airlines low fares and quality service have revolutionized this market – then the health care industry can too.
As an aside, I recently witnessed a moderately injured person get forced by police and paramedics into an ambulance ride to a local hospital. Despite his pleas to the contrary, there was some arcane law which mandated he had to go. Of course, he loudly proclaimed that he was without health insurance due to the expense and that he would be a burden on society. No dice. He was physically lifted into the ambulance, and off he went. “