Universal Catastrophic Coverage: Will it work?

Dr. James Veltmeyer

Special to the Village News

The recent decision by Texas federal judge Reed O’Connor striking down former President Barack Obama’s health care law, the Affordable Care Act offers Washington policymakers of both parties a unique opportunity to revisit the entire health care debate and craft a new plan that will actually improve people’s lives while controlling costs. A possible solution could lie several decades in the past.

In 1971, Harvard professor Martin Feldstein who later became President Ronald Reagan’s chief economic adviser proposed a possible way out of America’s s...