Though it’s certainly not perfect, broadly speaking, The American Health Care Act, the GOP alternative to The Affordable Care Act, is a major step in the right direction for American families. Up for a U.S. House vote today, it offers a chance for the health care marketplace to lower costs for millions of people while improving quality, choices and competition. It also offers governors and states greater flexibility in Medicaid spending, enabling its future preservation.
House Speaker Paul Ryan today correctly called the implosion of ObamaCare as a “crisis,” pointing out skyrocketing premium costs and a dramatic drop in plan options for families.
The Congressional Budget Office and its various projections have been wildly off base in how it overestimated the government’s ability to lower health care prices and underestimated the private sector’s ability to lower prices.
As a health care journalist covering Capitol Hill for The Hill newspaper, I witnessed firsthand the rollout of Medicare Part D, which has been highly successful in its implementation. Seniors are also very satisfied with Medicare Part D, which is a market-driven plan.
As I debated with Tom Brokaw on MSNBC just prior to the vice presidential debate last year, there is a vast difference between health care vs health insurance. And an even bigger difference between health care outcomes. Unfortunately, ObamaCare put government, rather than patients, at the center of its structure, focused more on the nominal paper count of the insured while in many respects ignoring actual care, outcomes and cost.
As a health care bond analyst at Moody’s Investors Service on Wall Street, where I was lead analyst on a roughly $5.5 billion healthcare debt portfolio, I constantly met health care professionals deeply concerned about the viability of ObamaCare and its negative effects on outcomes and consumer choice. It’s time that we reversed the negative trajectory triggered by ObamaCare into something better: The American Health Care Act.
Carrie Sheffield is the founder of Bold. She is passionate about storytelling to empower and connect others. A founding POLITICO reporter, Carrie contributed on political economy at Forbes and wrote editorials for The Washington Times. After earning a master’s in public policy from Harvard University, she managed credit risk at Goldman Sachs and researched for American Enterprise Institute scholar Edward Conard. She earned a B.A. in communications at Brigham Young University and completed a Fulbright fellowship in Berlin.