President Obama argues Obamacare must be improved upon, not repealed. A study from the Urban Institute shows that nearly 30 million people may lose their coverage if Obamacare is repealed.
"Whether or not you get insurance through the Affordable Care Act, that’s the health care system as we now know it," Obama said. "Because our goal wasn’t just to make sure more people have coverage – it was to make sure more people have better coverage. That’s why we want to build on the progress we’ve made – and I’ve put forth a number of ideas for how to improve the Affordable Care Act."
Opponents of Obamacare maintain the whole thing is broken and should be dumped for something new. Opponents of Obamacare argue the law has messed everything up so badly that it's doomed to fail.
This all goes back to fundamentals: What drives down prices is abundance. Abundance comes from productivity. Productivity comes from investment. Investment requires stable market conditions for investors, entrepreneurs, workers, and firms to execute medium- and long-term plans. If you were the manager of a large investment fund, how much money would you put into a medical-devices startup, not knowing what the tax or regulatory environment is going to look like the day after tomorrow — or what the larger health-care ecosystem is going to look like in a year or two? If you were a top-performing student with a knack for science, why on Earth would you go to medical school when you could go make four times the money as an intellectual-property lawyer, six times the money on Wall Street, or, with a little luck, forty times the money in Silicon Valley? Given the current Democratic appetite for price controls and regulatory aggression, how much of your own money would you invest in an experimental pharmaceutical? If you were a top-performing manager being courted by a hospital consortium and a technology company, why would you go to work for the hospitals?