Repeal and replace President Obama’s health care law
Mitt Romney believes that Obamacare must be repealed. On his first day in office, he will issue an executive order paving the way for waivers from Obamacare for all 50 states. Subsequently, he will call on Congress to fully repeal Obamacare, and advocate reforms that return power to the states, improve access by slowing health care cost increases, and make health insurance portable and flexible for today’s economy.
Give states the responsibility, flexibility, and resources to act
The central advantage of our federalist system is that different states will experiment with and settle on the health care solutions that suit their residents best. We can empower states to expand health care access to low-income Americans by block-granting funds for Medicaid and the uninsured. Mitt Romney’s reforms also offer the states resources to help the chronically ill, to improve their access to care, and to improve the functioning of insurance markets for others.
Empower individuals to purchase their own insurance
The tax code currently offers open-ended subsidies for the purchase of insurance through employers. Mitt Romney will expand the tax deduction to also include those who buy their own health insurance. This simple change creates the best of both worlds. Absolutely nothing will change for those who like their current coverage. And individuals who don’t get coverage through their employers will have portable, lower-cost options.
Focus federal regulation of health care on making markets work
Mitt Romney believes that the federal regulation of health care should be limited and focused. Obamacare takes an opposite approach and uses federal regulation in an all-encompassing manner. Mitt will use limited federal regulation to correct common failures in insurance markets, while eliminating counterproductive federal rules. For example, individuals who are continuously covered for a specified period of time may not be denied access to insurance because of pre-existing conditions. Mitt also believes that individuals should be allowed to purchase insurance across state lines, free from costly state benefit requirements. Finally, individuals and small businesses should be allowed to form purchasing pools to lower insurance costs and improve choice.
Reform the broken medical liability system
The current medical liability system encourages defensive medicine and drives up health care costs. To address these problems, Mitt Romney will cap non-economic damages in medical malpractice litigation. He also believes in providing innovation grants to states for additional medical liability reforms, such as alternative dispute resolution or health care courts.
Make health care more like a market and less like a government program
Mitt Romney will strengthen health savings accounts (HSAs), which help consumers save for health expenses and choose cost-effective insurance. For example, he believes that we should permit HSA funds to be used to pay for health insurance premiums. The market reforms Mitt is proposing will drive down costs, better inform consumers, and improve the quality of health care in our nation.