On "The Morning Blaze" Thursday morning, host Doc Thompson suggests that if Congress opened up the health-care system to real, genuine competition, the American health-care system — and the American economy — would flourish as a result.
"It would boom the insurance business, you'd have start-ups overnight trying to jump in on this. Especially if you apply the commerce clause and don't let states bar other companies from other states from doing business," Steve says.
Doc comments that in such a world, you might see businesses like "Doc and Steve's Discount Healthcare-orama," which would drive down costs for all consumers by competition.
Thompson closes the segment by pointing out that the economy is affected heavily by two things: facts and perceptions. "It works on fact, 'Wow, lots of companies have started up,' people have more jobs and more money, ergo they're buying more. ... It also works on the perception. 'Wow, everybody's doing well,' and we think the economy is stable so we're going to launch more stuff now as opposed to waiting."
Doc argues that that increased competition could be beneficial for Obamacare or any other health care system. He argues that as long as health-care companies are not cheating people, they should be able to operate in the way they please, including treatment of pets and let the companies fight it out in the free market as long as they fully disclose the terms and conditions.