ObamaCare, Insurance and the Supply Side

null Dec. 4, 2023 5:11 pm ET Photo: Getty Images/iStockphotoThe GOP should embrace a supply-side alternative to ObamaCare (“Biden, Trump and ObamaCare,” Review & Outlook, Nov. 30). ObamaCare is a demand-side policy, and that merely bids up prices without increasing overall availability.Increase the supply of healthcare, however, and the cost will come down, with or without repealing ObamaCare. Increase the number of doctors, nurses and healthcare professionals of all kinds. That will take time and money, but a lot of the reason we have a doctor shortage is regulatory. Reducing barriers to entry doesn’t require additional funding.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Sponsored OffersTurboTax: Save up to $15 with TurboTax coupon 2023The Motley Fool: Epic Bundle - 3x Expert Stock RecommendationsH&R Block Tax: 15% OFF DIY Online Tax Filing Services | H&R Block CouponTarget: Take 20% Off Your Entire Order - Target promo CodeVitacost:

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Opinion Dec 4, 2023 Add to Reading List

ObamaCare, Insurance and the Supply Side

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Dec. 4, 2023 5:11 pm ET

Photo: Getty Images/iStockphoto

The GOP should embrace a supply-side alternative to ObamaCare (“Biden, Trump and ObamaCare,” Review & Outlook, Nov. 30). ObamaCare is a demand-side policy, and that merely bids up prices without increasing overall availability.

Increase the supply of healthcare, however, and the cost will come down, with or without repealing ObamaCare. Increase the number of doctors, nurses and healthcare professionals of all kinds. That will take time and money, but a lot of the reason we have a doctor shortage is regulatory. Reducing barriers to entry doesn’t require additional funding.