Despite the claims of some partisans to the contrary, the president’s plan is failing because it does not speak to the concerns of the majority of Americans. Instead of addressing the high and rising costs of care, it proposes mandates, invasive regulation, and unaffordable new entitlements. This will not bring health care costs down — it will only make this problem worse. Therefore, President Obama should scrap his health care plan and start over, say John F. Cogan, a senior fellow at Sanford University’s Hoover Institution; Glenn Hubbard, dean of Columbia Business School; and Daniel Kessler, a professor of business and law at Stanford University and a senior fellow at the Hoover Institution.
The plan’s key elements — mandates, heavy-handed insurance regulation and entitlement-based, middle-income subsidies — must go. None of them address health care’s fundamental problem: high and rising costs. Instead, the various versions of health reform put forth by the president and his party are based on expanding health-insurance coverage. The inevitable consequence will be to exacerbate the cost problem. And the American public knows it, say Cogan, Hubbard and Kessler.
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