Special thanks to Congressman John Shadegg for his expertise and insight.
“The problem with socialism is that eventually you run out of other people’s money.”
~Margaret Thatcher
On Tuesday, August 18th, Gen Next Los Angeles hosted Rep. John Shadegg at the famous Beverly Hilton for a roundtable discussion on health care. Gen Next Members and special guests nibbled on Trader Vic’s famous short ribs and cool cocktails. The intimate discussion revealed the shortcomings of the currently proposed health care reforms. Health care is a very complex issue. It touches every single American and drives our economy. Rep. John Shadegg is a leader in market-based solutions for health care reform. Shadegg has recently introduced the bill, Improving Health Care for All Americans, which outlines free market solutions aimed at reducing the rising costs of care and reinforces the right of individuals to choose their individual plan. An article written by Whole Foods CEO, John Mackey, was provided by Shadegg, and outlines eight things we can do to improve health care without adding to the deficit:
1.) Remove the legal obstacles that slow the creation of high-deductible health insurance plans and health savings accounts (HSAs)
2.) Equalize the tax laws so that employers-provided health insurance and individually owned insurance have the same tax benefits
3.) Repeal all state laws which prevents insurance companies from competing across state lines.
4.) Repeal government mandates regarding what insurance companies must cover.
5.) Enact tort reform to end ruinous lawsuits that force doctors to pay insurance costs of hundreds of thousands of dollars per year.
6.) Make costs transparent so that consumers understand what health-care treatments cost.
7.) Enact Medicare reform.
8.) Revise tax forms to make it easier for individuals to make a voluntary, tax-deductible donation to help millions of people who have no insurance and are not covered by Medicare, Medicaid or the State Children’s Health Insurance Program (SCHIP).