Four Heritage Foundation health policy experts detail the five main promises that President Obama broke, and present a fresh way for sustainable and patient-centered, market-based health care reform.
Proposals to restrain the cost of health care by imposing price controls ignore their long history of failure. Regulated prices prevent markets from efficiently allocating resources, leading to pervasive shortages and deteriorating quality, while stifling innovation and diverting care to inequitable black markets.
The document outlines the President’s agenda for a government that allegedly will bring “opportunity, growth, and security” through higher federal spending, cuts in the armed forces, more than $1 trillion in tax hikes, and broad government overreach into the affairs of individuals, businesses, and localities.