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Morici: Ryan Plan Shows Why Republicans Can't Win Elections

Stocks in this article: GM HUM WAG

When confronted by those facts, conservatives often point to single-provider systems in Britain where some citizens complain about long lines and inferior care.

Germany has a private provider system quite similar to the one evolving with Obamacare. Everyone has to play and most folks are covered by mandatory government-subsidized, employer-based insurance. However, unlike Obamacare, that system aggressively regulates prices through private-sector consensus building.

Germany caps health-care spending and sets provider prices through a complex system of private-sector negotiations that divide the pie.

Americans spend nearly $10,000 per person on health care while the Germans spend half as much. By most measures, German health care is as good or superior to what Americans receive.

Just like the government doesn't always know best, markets and competition don't always contain costs effectively and provide the best outcomes.

Germans get it but conservative Republicans don't.

Moreover, a German solution, by costing the federal government so much less, streamlining the morass of regulations and reporting requirements, better engaging private providers and reducing federal and state costs, would actually reduce and better limit the bureaucratic burdens insurance companies and government agencies impose on health-care providers.

As long as unbending conservatives like Paul Ryan control Republican thinking on fiscal policy the GOP will not offer solutions to the nation's budget woes that attract popular support, it won't win back the Senate and it faces terrible difficulties winning the presidency.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Professor Peter Morici, of the Robert H. Smith School of Business at the University of Maryland, is a recognized expert on economic policy and international economics. Prior to joining the university, he served as director of the Office of Economics at the U.S. International Trade Commission. He is the author of 18 books and monographs and has published widely in leading public policy and business journals, including the Harvard Business Review and Foreign Policy. Morici has lectured and offered executive programs at more than 100 institutions, including Columbia University, the Harvard Business School and Oxford University. His views are frequently featured on CNN, CBS, BBC, FOX, ABC, CNBC, NPR, NPB and national broadcast networks around the world.
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