The upstart Millennial Policy Center think tank in Denver has published its first policy paper, and it’s worth a read for a fuller perspective on Obamacare.
From a young conservative perspective, Revitalizing Healthcare in America takes on the repeal and replacement of the Affordable Care Act.
“Obamacare’s stated goals are to ‘increase the quality and affordability of health insurance, lower the uninsured rate by expanding public and private insurance coverage and reduce the costs of healthcare for individuals and the government,’” states the report by Millennial Policy Center fellows Juliana Darrow, Charlie Katebi and Dr. Michael T. Parra, with president and CEO Jimmy Sengenberger.
“Unfortunately for Americans of all generations, these objectives have simply not been achieved. Several statistics demonstrate how the tremendous promises that the ACA made were consistently broken.”
The researchers found Obamacare is a bad deal for millennials, many of whom won’t qualify for government subsidies while they pay taxes to support those who do.
“The average monthly premium for a 27-year-old purchasing an unsubsidized benchmark insurance plan on the individual market in 2017 is $302 a month,” the report says. “Most Millennials will find spending $3,624 in premiums a year in addition to co-pays, deductibles and other out of pocket expenses unaffordable.”
“By unleashing individual choice, opportunity, and market incentives, a truly vibrant health insurance market will start to replace a stagnant system utterly lacking in innovation and bound up in red tape,” the report states. “Meaningful access to quality care, as well as real choice and competition, will trump top-down controls that stifle innovation, increase costs and limit market options.”
Sengenberger said patients are the best stewards of the healthcare, but Obamacare’s regulations and costs have “strangled” that opportunity.
“The nation’s healthcare system must be revitalized, and we are excited to offer our thoughts on how to accomplish that objective,” he said in a statement about the report.
The Millennial Policy Center launched last year and is a program of the nonprofit Liberty Day Institute, to hear from and speak for millennials, those born between 1981 and 1998.
The think tank is supported by theMPC Advisory Council, a group of advisers that includes some of the state’s best-known policy and political leaders, including former state Sen. John Andrews, former U.S. Rep. Bob Schaffer, Independence Institute honcho Jon Caldara and Michael Barone, a senior political analyst for the Washington Examiner and a fellow at the American Enterprise Institute.
This blog post was updated to correct Bob Schaffer’s first name and clarify the name of the Policy Center’s Advisory Council.