04/14/2017

Give Medicaid Dollars Directly To Patients

Justin Haskins and Michael Hamilton, Wall Street Journal

As Republicans take another crack at devising a plan to replace ObamaCare, here’s an idea they should consider: Give each Medicaid patient a health savings account—and put $7,000 in it every year.

Under ObamaCare, Medicaid has become the only option for millions of Americans. But that doesn’t mean much if the doctors in their communities don’t accept new patients through the program—and 30% of physicians don’t.

The GOP’s recently benched health-care bill would have substantially reformed Medicaid by giving the states block grants, along with more flexibility on how to spend the money. But there’s a better model. Republicans should empower Medicaid patients by providing funds to them directly, which would allow them to build a personal safety net that could last a lifetime.

Washington and state governments spent $545 billion in 2015 on 73 million Americans covered by Medicaid and the Children’s Health Insurance Program. Instead lawmakers could take $511 billion of that total, divide it equally among enrollees, and give each one a health savings account with $7,000 a year. This would be real money for the poor, stored in real private accounts.

Recipients could use the deposit to buy health insurance and cover the cost of prescriptions, copays, deductibles and other related expenses. Unspent money would carry over to the following year. Enrollees could share that $7,000 with a sick spouse, sibling, parent or child.

Most recipients would probably use the funds to buy private health insurance, many for the first time. The average annual premium last year for an (overpriced) bronze plan on the ObamaCare exchanges was about $3,100 for a 30-year-old, $3,500 for a 40-year-old, $4,900 for a 50-year-old, and $7,400 for a 60-year-old. After that, at age 65, Americans qualify for Medicare.

[Subscription required.]

Read full article



You May Also Like:

At 100-Day Rally, Trump Marks Accomplishments, Blasts Dems And Media Frank Miles, Fox News

Politico Poll Of White House Press Corps Includes Grand Total Of Three Republicans David Rutz, The Washington Free Beacon

Rumor: Roger Ailes In Talks For New Conservative Network? Allahpundit, Hot Air

Obama Gets Fabulously Rich After Keeping America Poor [Watch] Investor’s Business Daily

Peggy Noonan: Democratic Party ‘Blowing Itself Up’ [Watch] Eddie Scarry, Washington Examiner

Elizabeth Warren: A Factory Of Bad Ideas [Watch] Ken Blackwell, Townhall

Why President Donald Trump’s Tax Plan Is Brilliant Politics And Even Better Economics Jeffrey Tucker, Rare

Yes, The Nation Can Afford Trump’s Tax Cuts Tyler Cowen, New York Post

Twitter Proves New NY Times Columnist Bret Stephens Right About ‘Nasty Left’ Matthew Balan, Mediaite

Poll: Tax Burden Linked To Desire To Move Out Of State Stephanie Marken And Zac Auter, Gallup

Yale College Republicans Host Barbecue Right Next To Hunger Strike Thomas Phippen, Daily Caller

British Students: Clapping And Cheering Excludes Deaf People [Watch] Lukas Mikelionis, Heat Street

Report: Megyn Kelly’s First Interview Is With The Kardashians Katie Jerkovich, The Smokeroom

For More go to the Home Page >>>

Search

Bookshelf

SHARE

Some titles recent, all recommended -

Special Video Feature



Voices From The 2017 International Students For Liberty Conference

In Search Of History

SHARE

Keynesian Economics and the Great Depression

Hillsdale College economics professor Gary Wolfram discusses Keynesian economics and the factors that pulled the national economy out of the Great Depression. The story of World War II shows that government spending may produce activity, but not the prosperity of a truly healthy economy.

 

-- Gary Wolfram, Hillsdale College,

Shadow Stats Snapshot


ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    BLS: 4.5%
    Shadow Stats: 22.5%
  • Inflation:
    March Year-to-Year: 2.38% (CPI-U*)
    Shadow Stats: 10.1%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]