The Forgotten Free Market Is Rising From the Ashes of Obamacare

INJOThe complexity and costs of Obamacare mandates regarding medical records, billing codes, and prior authorizations forced thousands of independent doctors, mostly primary care doctors, to become part of large hospital networks to help absorb the added costs. Add the complexity and lack of cost transparency for the patient, and you have a recipe for a free market solution.

Many doctors are deciding to opt out of the traditional health care system and provide fee-for-service systems, also known as direct primary care. It provides both doctors and patients more flexibility by allowing patients to pay a flat monthly fee to have access to their doctor. 

“[I]t's essentially a throwback to an era before insurance companies were responsible for covering routine services like ear infections or strep cultures,” writes Mark McDaniel at Reason.

No one expects car insurance to cover routine maintenance such as oil changes, tire rotations, or tune-ups. Insurance only remains insurance so long as it covers unforeseen events, like a sudden illness. Insurance has as its purpose the facilitation to transfer the risk of a sudden, unforeseen illness to a third party at a cost that is mutually beneficial to both parties.

Read the full story on IJR.com

Photo: Getty Images


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