The PPACA’s rate review and MLR provisions represent costly, bureaucratic interference with insurers’ legitimate business decisions and state regulatory prerogatives. This will do little to enhance competition in health insurance markets and the availability and affordability of health insurance.
As part of the American Enterprise Institute project, Beyond “Repeal and Replace,” insurance expert Scott E. Harrington argues that this new regulatory regime misdiagnoses the causes of health insurance problems and will worsen them.
Why we will see increased health insurance costs and a radical shift toward expanded government control of health insurance and medical care.
Two central features of the House and Senate health insurance reform bills have not been getting much attention and are bad ideas: the mandate that individuals have insurance and the conversion of private health insurers into regulated public utilities will not alleviate the problems in the U.S. health care system.
The Community Living Assistance Services and Supports Act is another new entitlement that will make future costs explode.