How To Reduce Health Care Costs
James C. Capretta takes a look at the new Ryan-Rivlin plan, and likes what he sees:
The Ryan-Rivlin plan is entirely different because it is based on empowering consumers to find the best value possible for their defined-contribution payment. This is the way to unleash a productivity revolution in health care. The administration says it wants everyone to have access to low-cost, high-quality models, such as the Geisinger Health Plan. The way to bring that about is with a dynamic consumer marketplace in which those kinds of plans are rewarded financially for being more efficient and of higher quality. And the way to bring that about is by giving people the control and financial incentive to become active, cost-conscious consumers both of the insurance they select and the delivery system by which they get their care. And that’s exactly what would happen under Ryan-Rivlin, which is why it would work and Obamacare wouldn’t.
Gee, that sounds like something someone said way back in 2008. Glad to see you on the bandwagon, Mr. Capretta.