Fixing the nation's health care crisis may be the most important thing the new Republican-controlled federal government can do.
Health care impacts every person in the country, and the industry is taking more and more of the nation's gross domestic product (GDP).
The bad news is that, both for businesses and individuals, health insurance costs are high and rising, adding over 20 percent to a business's cost of salaries, bonuses and commissions.
In addition, insurance premiums are going up, some as much as 30 percent, with fewer insurance options, for 2017. For about half the counties in
Soon we will have a new Republican administration and
Now they have their chance. One observer said it will be a little like the dog that caught the bus. "What do we do now?" No one really knows what the new administration will do.
Certainly, reforming health care will be difficult. No easy solutions exist that will keep everyone happy. No one likes the rising premiums, and many people don't like the individual mandate requiring everyone to purchase health insurance. But they do like features like forbidding insurance companies from denying coverage because of pre-existing conditions, and allowing young people to stay on parents' insurance until they're 26.
The problem is that the popular features of Obamacare cost extra money, and were to be financed by the individual mandate and other less popular provisions.
It is possible that rather than attempt to create a comprehensive nationwide health care program, the
That would place more responsibility on
A. Scott Anderson is CEO and president of