"There are parts of it I do like," the
Reforming health care should be part of a broader effort to reduce federal debt, which Peters calls a "horrible burden" on future generations and a "horrible drag on the economy now."
"As a father, I'm always concerned about what kind of an inheritance we're going to pass onto our children," Peters told The Gazette Editorial Board. "As an adult American, I'm concerned about what we're going to leave behind to future generations."
Peters, 55, is challenging five-term Democratic Rep.
Peters believes market-based reforms would shrink the cost per item of health care as well as the overall cost because more patient-consumer involvement in decision-making likely would reduce the overuse of high-cost procedures.
The other approach would be a government-sponsored, universal payer model. Peters said most people don't realize that about half of health care costs now are paid by the government with the private sector covering the rest.
The mix of socialized medicine and market-based health care provides the "inefficiencies of both systems and the benefits of neither," Peters said.
However, he added, if voters really wants to consider a universal payer model
He's not advocating privatization of current government-sponsored health care, such as
"For many Americans, unless they have an ongoing, active condition or high-priced chronic illness, that would be a much better model," he said.
For low-income Americans, the government could subsidize insurance and, possibly, HSAs on a sliding scale similar to the Earned Income Tax Credit, Peters proposed.
Health care costs could be reduced if
"Playing the game we've been playing hasn't been working," he said, "so pushing back on the pharmaceutical companies, the insurance companies is really essential to make this work."
For more on Peters, visit https://drpetersforiowa.com/.
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