by Katherine Restrepo
Director of Health Care Policy, John Locke Foundation
When it comes to reforming our nation’s health care system, both sides of the political spectrum point to the “triple aim” — reduce health care costs, improve quality and access, and increase individuals’ overall health.
Now that Obamacare has added millions more to public and private health insurance roles, demand for health services will most likely increase — but by how much? Some can now for the first time access private coverage with a generous subsidy. Others now grudgingly pay substantially higher premiums coupled with an increase in deductibles and out of pocket costs.
Whether or not future data reveals a pent-up demand for health care, increasing the supply of health services and price transparency are just two ways to place downward pressure on costs.
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