Yes, its pretty much a non-fix as it does nothing to address the price inflation in medical care. Used to be that if your kid needed a tonsillectomy you could afford to pay cash for the procedure and hospital stay. The same work now would be crazy to try to pay cash for out of pocket. Now, as much as I would like to just do away with health insurance and force the medical industrial complex to have to compete for our dollars. I probably will not get what I want. So, how can we reduce the cost of care? First, the billing department mess needs to go. Huge piles of money are spent on managing different billing codes for different insurers. There is no reason why if the auto industry was able to manage war materials, parts and labor with EDI that something similar to EDI could not be used to make something as simple as billing less of a mess. This would also make cross state line competition between insurance providers more easy, and more possible. Also, standardizing the billing codes would make it way easier to generate cost statistics across time and locations. That would make it easier for the insurance industry to pull the breaks on increasing costs.
It is just another disaster adding to tax burden and nightmare .and it imposes at least one regulation. Deregulate some markets and you would see high risk pools pop up all over. Get rid of individual state mandates -your insurance can follow you. Flat tax. Now youll have more money in your pocket. Litigation reform. Cap damages in hospital and foctor malpractice cases. The american standard won 't embrace these ideas because it takes influence away from yhe beltway and feds.
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