An excerpt from John H. Cochrane’s recent opinion article in the Wall Street Journal: “What To Do When ObamaCare Unravels”
Health insurance should be individual, portable across jobs, states and providers; lifelong and guaranteed-renewable, meaning you have the right to continue with no unexpected increase in premiums if you get sick. Insurance should protect wealth against large, unforeseen, necessary expenses, rather than be a wildly inefficient payment plan for routine expenses.
People want to buy this insurance, and companies want to sell it. It would be far cheaper, and would solve the pre-existing conditions problem.
While Obamacare remains law, its viability remains questionable. Read the rest of the article’s free-market health reform proposals here.