Insurable Interest

by: Jerry Whitaker

I have had many business owners and individuals ask me what I think about repealing and replacing the Affordable Care Act or Obamacare. There is much misinformation being promoted as truth. I want to set the record straight, from the opinion of someone with over 26 years of experience in the insurance industry.

First, the Affordable Care Act was a complete takeover of one fifth of the United States’ economy. Government is not efficient and pushes private investment out of anything it takes over. This lack of efficiency has lead to increased prices, restricted access to care and forces doctors to spend time filling out ACA forms instead of seeing patients. By repealing and replacing the Affordable Care Act, free market forces will be able to allow lower prices, better access and allow doctors to have more time with actual patients instead of a computer screen.

Second, the Affordable Care Act was designed to be complicated and confusing. We all have heard or read the statement that “we have to pass the law to know what is in it.” This one statement should tell you why the law is so bad for America. The Affordable Care Act has released burdensome regulations, IRS tax rules and labor compliance laws that have choked business growth. Businesses have had to spend more time and money on compliance issues, tax rules and burdensome regulations than any other issue in the history of Capitalism. Individuals have had to pay fines and subsidize tax credits for those receiving them. A free market solution will introduce the profit motive, which brings lower prices, better coverage and more choices. I remember when the first Burroughs Calculator was $500 in the early seventies. There was a limited supply and the access to buy one was restrictive. Free market forces have brought us a calculator today that does more and costs less than $10, and you can buy it at any checkout lane at most stores.

Finally, the Affordable Care Act is “Big Government” in a way we have never seen before. We have all heard about the terrible things “Big Business” and “Big Pharma” have done. Yes, it is true that big business has had failures and big Pharma has raised drug prices at times; however, if big government were a business, it would be bankrupt. Instead lawmakers can raise our taxes to cover their mistakes. The ACA forces compliance through a labyrinth of taxes, regulations and compliance, which are destroying our health care system. The free market will correct the problem and restore true affordability, access and quality care to our health care system.

Don’t believe the stories of people losing health care and there not being a replacement plan. The Heritage Foundation has had a free market health care reform plan since 1988 and they have updated it each year, including one for 2017. They are working with the Trump administration and will have a plan in place when the Affordable Care Act is repealed and replaced. But don’t take my word for it. Please search the Heritage Foundation website and The Better Way Plan at


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 About the author:
Jerry Whitaker
Jerry joined Acrisure in July of 2010 as an investor with over 25 years of commercial and employee benefit insurance experience, specializing in large contractors, large property management companies, surety, Captive Insurance Programs, Alternative Risk Financing and Professional Employment Organizations. Jerry brings strategic risk management that focuses on the true costs of risk, then attacks the cost drivers within the insurance program and uses risk management to mitigate risk for his clients. His expertise is on the effects of wellness on workers’ compensation, disability and employee benefits. Jerry graduated from Olivet Nazarene University in 1984 with a BS in Business Marketing and Minor in Communication and Economics. He earned the Certified Insurance Counselor (CIC) designation in 1995 and the Construction Risk and Insurance Specialist (CRIS) in 2006, and is a member of the Risk Insurance Management Association (RIMS).

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