Jeb Bush (Entrepreneurship and Innovation)

Bush's Entrepreneurship and Innovation (section page)

Promote Innovation in Health Care

"Health care costs grow faster than any other sector of the economy and innovation lags. Why? Washington over-regulation in health care creates high barriers to entry, adds excessive costs, fosters excessive complexity and impedes innovation. Governor Bush will:

Modernize the Food and Drug Administration’s regulatory morass and increase funding and accountability at the National Institutes of Health Promote private sector leadership of health information technology adoption and enable better access to patient de-identified Medicare and Medicaid claims data Establish a comprehensive review of regulatory barriers to health innovation" (JBWHP)

Entitlement Reform

Implement bipartisan Medicare premium support. Under current law, seniors in Medicare can choose the traditional option (called fee-for-service) or private health plan options (called Medicare Advantage). However, politicians, bureaucrats and lobbyists – not doctors, patients and innovators – decide how much government pays for those benefits. Under this proposal, private health care plans (like Humana and Kaiser), other innovators and traditional Medicare will compete on the best price to offer Medicare benefits to seniors. Seniors’ premium support will be based on the average of those prices – and be 6 percent lower on average. Competition will make spending more efficient, and seniors could pay less and have more options. (JBWER)

Innovation in Energy Sector

Reduce Overregulation

"Perhaps worse, such regulation saps America’s dynamism. We have, thus far, benefited from the Energy Revolution simply because Washington did not have time to quash it, but we will never know how many other innovations have been lost due to overregulation."(JBWE)

Sustaining Growth

"Once achieved, the nation must maintain higher growth with energy policies that continue to increase jobs and lower costs over the long-term. In the coming months, I will release additional proposals that will complement our status as an energy superpower by revitalizing our position as the superpower of energy innovation." (JBWE)

"For instance, we can further accelerate the discovery of game-changing technologies by boosting funding for high-priority basic research and increasing the effectiveness of our national labs. The private sector often underfunds energy research that could greatly benefit society. Government can correct that. My record and experience in Florida shows how world-class research contributes to jobs and technological advances that can improve everyone’s quality of life. "(JBWE)

"Further, producers and consumers must have better access to new technologies such as “intelligent” electricity management devices, unconventional transportation fuels, advanced nuclear power designs and cutting-edge energy conservation methods. We must remove burdensome government regulations, subsidies and other barriers that get in the way of adopting and exploiting such innovations."(JBWE)