President Trump reentered the healthcare debate with The Great Healthcare Plan (GHP), as families confront another year of rising insurance costs.
After expiration of pandemic-era Obamacare subsidies, millions of Americans are seeing premiums and out-of-pocket costs rising sharply. The immediate response in Washington has been to debate whether those subsidies should be restored.
That debate misses the fundamental question of why health insurance costs keep rising with no end in sight? Why are Americans paying more while getting less (care)?
Trump’s proposal builds on his argument to stop routing taxpayer dollars through insurers and give the money directly to people.
That instinct is sound. Whether it leads to effective use of limited healthcare dollars depends on whether policymakers are willing to tackle politically sensitive structural inefficiencies.
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