Bush wants to repeal Obamacare and replace it with health savings accounts
JAKE TAPPER: This week you introduced your plan to repeal and replace Obamacare. Among the many details of your plan you get rid of the individual mandate, the requirement that every American get insurance. You know this better then I, that used to be mainstream republican thought. In fact it was a republican idea pitched as personal responsibility as a contrast with Bill Clinton and the employer mandate. Why is it wrong?
JEB BUSH: Well right now we have an employer mandate, an employee mandate, we have mandates of all sorts of services and the costs are skyrocketing. You may have seen this week that the Obama administration announced that their projected growth of people getting onto the exchange is dramatically reduced and it’s because of this. We have higher premium, higher out of pocket costs; we need a total revamp of the system. I think we should have a dramatic increase in the number of people having health savings accounts. The basic coverage ought to be low premium catastrophic coverage, where along with health savings accounts, support from government for people of low income and support for businesses we provide coverage but do it in a way that shifts power out of Washington D.C and unleashes the innovative spirit of this country that right now is being untapped because of the FDA and the complexity of Washington. We can fix this and we can lower costs, improve quality and make sure that people have access to care.
TAPPER: I’m old enough and therefore you are as well to remember that the argument for the individual mandate was people like you and me and my viewers who are responsible and have health insurance we pay for freeloaders, we pay for the people who can afford health insurance but they don’t get it. Why would you keep that in place?
BUSH: If you have a health savings account attached to it so you’re empowering people to make these choices themselves and their healthy lifestyle decisions are benefited by increased amounts in their health savings account to be able to afford health care should you get sick I think that’s the right approach. Right now we just can’t have more Washington, more regulation, more taxes, more spending, more subsidies, creating huge problems on the economic growth. I mean if you repeal Obamacare you’re going to create economic activity according to the Brookings institute and according to the CBO that is significant and I think we ought to focus on high sustained economic growth where people’s income grows and where they’re empowered to make choices for themselves again.