By Veronique de Rugy
The release of the House Republicans’ healthcare reform plan is the latest reminder that misguided objectives drive many policy decisions in Washington. Unfortunately, it often results in bad policy outcomes with real economic costs.
A lot has been said about the new plan to replace the Affordable Care Act. For example, it would make healthcare more expensive for millions of Americans. It would create a new entitlement, in the form of expensive tax credits. It would create an “Obamacare cliff” for the presidential election in 2020, the year when many important parts of the Affordable Care Act would be repealed. It might fail and drive us straight into a single-payer system. I agree with all of that.