Bailey: Free Market Solution of Health Status Insurance

“Health care reform that reduces costs while expanding coverage is no longer just a dream we hope to achieve—it’s a necessity we have to achieve,” declared President Barack Obama as he announced his nomination of Kansas Gov. Kathleen Sibelius to be the new Secretary of Health and Human Services. On Thursday, President Obama will convene a health care summit of stakeholders representing insurers, pharmaceutical companies, physicians, policymongers, Congress, and patient advocates at the White House to discuss just how to achieve these goals. The president set out eight principles for guiding the process of health care reform, including protecting families from being bankrupted by medical expenses, making insurance affordable, aiming for universality, portability, and choice, focusing on prevention, improving patient safety, and being fiscally sustainable.