Nearly everyone agrees there are problems with our nation's health care system. As we debate health care reform, it is critical that we consider how successful the various proposals will be at improving the cost, quality and access to health care. Reform is necessary, but ill-advised reforms can make things much worse.
Internationally renowned economist Dr. Arthur Laffer has released the findings of his report, “The Prognosis for National Health Insurance.” The report applies an economic model to the principles for health care reform advocated by President Barack Obama.
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Laffer: Current Health Care Proposals Increase Costs, Medical Price Inflation, and Leave 30 Million Uninsured
August 4th, 2009
Renowned economist emphasizes need for patient-centered reforms that provide incentives to consumers and medical providers
AUSTIN — The health care reform plans pending in the U.S. Congress would cause more harm than good, according to a study released today by internationally renowned economist Dr. Arthur Laffer.
“Health care reform along the lines proposed by President Obama and currently pending in Congress would render U.S. citizens poorer and their federal and state governments sorely pressed for revenues,” Laffer said. “But just as important, these reforms are not a cost-effective way to expand health insurance coverage, one of the primary goals of reform.”
According to Dr. Laffer, legislation that provided an additional $1 trillion in federal health care spending would increase health care costs and medical price inflation, slow our national economy, and still leave 30 million Americans uninsured.