DJP Update 5-31-2011 A plan to solve America’s fiscal problems – Worth reading – Note removal of restrictions on “balance-billing” in Medicare and the repeal of PPACA or ACA
Fiscal Solutions:
A Balanced Plan for Fiscal Stability and Economic Growth
Joseph Antos, Andrew Biggs, Alex Brill, and Alan D. Viard
May 25, 2011
“This plan was developed as part of the Solutions Initiative and funded by the Peter G. Peterson Foundation.
The Peterson Foundation convened organizations with a variety of perspectives to develop plans addressing our nation’s fiscal challenges. The American Enterprise Institute, Bipartisan Policy Center, Center for American Progress, Economic Policy Institute, The Heritage Foundation, and Roosevelt Institute Campus Network each received grants.”
EXCERPT FROM PAGE 8 OF 28 PAGE REPORT IN THE DISCUSSION OF MEDICARE
Our plan stabilizes physician payment rates and allows them to increase with general inflation. To introduce an element of market pricing, restrictions on “balance billing” would be lifted. Physicians would be permitted to charge any amount over the Medicare payment for their services (subject to their ability to command higher prices in the market), as long as they disclose their prices in advance. In addition, restrictions on physician ability to provide services to Medicare beneficiaries outside of program rules (referred to as “private contracting”) would be lifted.
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EXCERPT FROM PAGE 3 OF 28 PAGE REPORT IN THE DISCUSSION OF PPACA OR ACA. RECOMMENDS REPEALING ACA.
To develop an effective plan, it is necessary to repeal the ACA and replace it with a new set of policies based on market principles and budget realities. Nonetheless, the major objectives of that legislation (such as creating an organized marketplace for insurance, better information for consumers, and expanded federal insurance subsidies for those most in need) are reflected in new policies better able to achieve those goals.
DJP Comment: This is movement in the direction of liberty. The word is getting out.
The entire report is at: http://www.kaiserhealthnews.org/~/media/files/2011/aei%202011%20fiscal%20summit.pdf?referrer=search
Thanks to Katie Orrico for the alert about this report.
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Finally, thanks for the kind letters about Tabasco!
Stay well.
Donald
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