1. Repeal regulation prohibiting healthcare providers from competing on price.
Healthcare providers competing on price is one of the most powerful instruments for making your healthcare dollars go further. Repealing regulation prohibiting price competition will make shopping for routine and minor healthcare procedures just like shopping for other products and services: you compare the quality and price of different providers and make your decision based on what provides you with the best quality for your money. It will also attract new players to the healthcare marketplace who see opportunities where high prices are signs of large profits. They anticipate taking market share by lowering prices, reducing healthcare costs for you, the consumer.
2. Repeal regulations at all levels of government pertaining to the permitting, building, and managing hospitals and other medical facilities.
Permitting, building, and managing healthcare facilities is surrounded by a vast network of regulations, including but not limited to Certificates of Need (CONs), which limit the number and size of healthcare facilities in a particular area for fear of creating an oversupply. Repeal will increase the number of facilities and bring down costs through increased competition.
3. Repeal state and local government licensing requirements for healthcare providers.
Licensing is considered by many essential to the welfare statist healthcare safety net and talks about repeal is often met by fear and distrust. But repealing government licensing doesn’t mean that accreditation goes away. On the contrary, it creates a marketplace where doctors and other healthcare providers voluntarily seek out private accreditation that reflects their skills and enhances their reputation. Repealing licensing requirements will also improve mobility of healthcare professionals, as they may practice anywhere in the country, unrestricted by state specific licensing requirements. And it will facilitate the expansion of telehealth, where the provider may be anywhere in or outside the country.
4. Repeal privacy and medical records regulations.
Keeping control of your medical records is important. Repealing privacy and medical records regulations will allow for more efficient record keeping and enable you and healthcare providers to freely negotiate how your records are securely collected and stored without government interference.
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