Ben Carson recently revealed his proposed policy for the American healthcare system. CarsonCare would repeal Obamacare and create a universal system of health savings accounts (HSAs). Tax dollars currently funding Medicare and Medicaid would be reallocated to the HSAs for lower-income Americans to subsidize the cost of care.
Read MoreCurrently, healthcare inflation is at a historically low rate. According to Jason Furman, the chairman of President Obama’s Council of Economic Advisors, healthcare prices have grown at an annual rate of 1.6% since the Affordable Care Act was enacted in March 2010, the slowest rate in the past 50 years. Consequently, the Congressional Budget Office continues to reduce its cost projections for federal healthcare programs.
Read MoreHealthcare analysts have pointed out that one possible negative externality of the Affordable Care Act is the law’s potential to exacerbate the existing primary care doctor shortage by expanding the pool of insured Americans and, in all likelihood, consequently increasing demand for medical services. The Association of American Medical Colleges (AAMC) estimates that the current “doc shortage” hovers at around 13,000 – a number expected to swell to more than 90,000 by the end of the decade.
Read MoreJeb Bush recently offered a comprehensive proposal to replace much of the Affordable Care Act with a more conservative healthcare plan that aims to lower individual insurance costs. He relies on low-cost catastrophic health plans, which could reduce premiums for some consumers, but could also leave them with fewer health benefits.
Read MoreAn analysis by the Robert Wood Johnson Foundation concluded that primary care physicians in states that did non expand Medicaid saw reimbursement increase 3.3%, while in states that expanded Medicaid saw reimbursement increase by 3.0%.
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