'What to do when Obamacare unravels?'

Great article in the Wall Street Journal by Hoover fellow John Cochrane on what should be the next step after Obamacare inevitably unravels. Basically, we should get government out of the insurance business almost entirely while encouraging competition and innovation: Health insurance should be individual, portable across jobs, states and providers; lifelong and guaranteed-renewable, meaning you have the right to continue with no unexpected increase in premiums if you get sick. Insurance should protect wealth against large, unforeseen, necessary expenses, rather than be a wildly inefficient payment plan for routine expenses. People want to buy this insurance, and companies want to sell it. It would be far cheaper, and would solve the pre-existing conditions problem. We do not have such health insurance only because it was regulated out of existence. Businesses cannot establish or contribute to portable individual policies, or employees would have to pay taxes. So...(Read Full Post)