Is GOP missing an opportunity on healthcare?

The New York Times is reporting that the GOP intends to not fund President Obama’s healthcare initiative. This is not surprising and maybe just legislative karma since the Democrats did not bother adequately funding President Bush’s No Child Left Behind. Such is the fallacy of the two-party system.

However, let’s look at healthcare for what it is: a commercial activity. Our Constitution requires that the federal government regulate commerce. If the federal government reduces the amount of regulation, we could end up promoting commerce instead of stifling it.

The Constitution also requires that the federal government promote the general welfare. General welfare would include the health of our citizens as it pertains to minimizing the impact that poor health and communicable diseases could have on an interconnected and interstate economy.

The market for healthcare is where the producers of healthcare services, such as doctors, nurses, hospitals, clinics, etc., meet the consumers of these services, such as citizen-patients like you and me. Government should only intervene where there is market failure for healthcare.

Assuming this market failure exists, then House Republicans should focus on curing this imbalance. Subsidizing clinics and medical and nursing school education would be a good investment and the appropriate form of intervention.

About Alton Drew

Alton Drew brings a straight forward and insightful brand of political market intelligence. Alton Drew graduated from the Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). You can also follow Alton Drew on Twitter @altondrew.
This entry was posted in Democrats, healthcare, Obama, Political Economy, Republicans and tagged , , , , , . Bookmark the permalink.

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