ROMNEY VISION FOR HEALTH CARE REFORM

August 27, 2007

ROMNEY VISION FOR HEALTH CARE REFORM

Republican presidential candidate Mitt Romney recently unveiled his prescription for health care reform, says USA Today.

His plan includes:

  • Establishing federal incentives to deregulate and reform state health insurance markets so market forces can work.
  • Redirecting federal spending on "free care" to help the low-income uninsured purchase private insurance.
  • Instituting health savings account (HSA) enhancements and the full deductibility of qualified medical expenses which will allow Americans to deduct the cost of their health insurance and out-of-pocket medical expenses. 

In addition, Romney recommends:

  • Promoting innovation in Medicaid by giving states more flexibility law to enact innovative changes to Medicaid that help more of their citizens while containing costs.
  • Implementing medical liability reform to help protect the growing amount of doctors that are forced to practice defensive medicine because of frivolous lawsuits and an out-of-control medical liability system.

Overall, Romney says his goal is to bring market dynamics and modern technology to health care by empowering consumers to make intelligent decisions and enhancing the use of information technology, establishing cost and quality transparency, encouraging more HSAs and co-insurance products, and calling for more provider options.

Source: "Romney vision for health care reform' now online," USA Today, August 27, 2007.

 

Browse more articles on Health Issues