Our government needs to see to it that our free markets work to the benefit of its citizens. We need more competition in the health insurance industry; not less by giving the power to the government. Where does it say that markets will work more efficiently with fewer competitors in the marketplace? When Adam Smith talked about "rational self interest” and competitive markets in his book Wealth of Nations he envisioned many consumers interested in buying goods and services from many producers. This “free market” system best serves the private and public good. He was not talking about producers, insurance companies, controlling markets and being too big to fail.
As a nation that was founded by mostly Christians, one of our core principles is that it is a morale obligation of those that have been blessed with superior talents and gifts to help the needy. This includes providing basic health care to those who are in need but not in a position to afford it on their own. Christianity is not the only religion that preaches this belief. One of the basic Pillars of Islam as stated in the Koran is Giving Zakat which means ‘giving a specified percentage on certain properties to certain classes of needy people.
Our core value of helping our neighbor is why we needed to improve our health care system. Now we must decide what is the best way to do it. Another reason is that it is presently inefficient. The government is not protecting the free market to allow it to contribute to the solution..
Lord Acton, the British historian, said in 1887; "Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men."In our country, the entity having the most power is our federal government. Our founding fathers were wise enough to create three branches of government in an attempt to dilute this power. Abraham Lincoln said that we are a "Government of the people, by the people, for the people, ..................".
The role of government is to encourage more competition in the marketplace and regulate and incentivize it to assure every American is afforded basic health care. It seems that a significant number of elected officials want to walk away from the engine that has propelled this nation to greatness and wealth........ Free Enterprise. Give it the room to solve our health care issues and let government govern.