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This will cut down enormously on all the healthcare stress. We can have state exchanges, we can have unlimited lifetime maximums, and we can have that people with pre-existing conditions can't be turned away.
Then we should allow all health plans, regardless of benefits offered, to be allowed on the market without Govt intervention.
Next, we should deregulate anything that adds unnecessary cost to healthcare (Tort reform, enable shopping across state lines, allow plans to be sold no matter what coverages they have, as long as they are communicated to the buyer.
Most importantly,
Use a National Sales tax in lieu of the Mandated Fine
With this added, all Americans can choose what healthcare they want or choose not to buy any insurance, with national sales tax replacing mandated fine.
Why can't we go with this? Also it will make it so foreign visitors and even illegal immigrants if they buy things while in America, will now be helping out with the cost of healthcare, unlike before.
The national sales tax will be lower than the mandate because it will be paid by all Americans every time they go to a store. The actual amount of the national sales tax per what you buy will hardly even be noticeable.
But because 6 times as many people would be contributing towards it, it would sum to a lot of money to replace the burden of a huge mandated fine paid by the small percentage who opt out of coverage. I think it's a good idea. It's also an idea that won't break anyone's bank account because Americans as a whole are bad at saving but not bad at responding to store prices.
One way that banks like BoA successfully get Americans to save is by allowing them to round their purchase dollars up to the nearest dollar and transfer the change into savings. This works very well. Essentially, the same tactic would be applied if you just had a national sales tax where each person would wind up spending some 45 cents more per day not even thinking about it. This would mean each person unknowingly paying $160 per year and with 6 times as many people doing it as would be exposed to the mandated fine, that's the same affect as the fine in which $1,000 a year is paid by those without insurance, and hence the mandated fine could be removed.
There used to be a similar idea promoted for car insurance (in the days before electric cars).
The way it worked was, if you buy gas, you also buy liability insurance at the pump through a surcharge. This way every car, motorcycle, scooter, moped, and truck was automatically covered for every mile they drove. The insurance wouldn't expire, be late paid, or have any of the problems associated with maintaining coverage. And without the profit of the INS COs, the cost would be far less.
There would be no such thing as an uninsured or under insured motorist. And if you wanted additional insurance to cover your new car (of if the bank required it) you could buy comp and collision on top of the gas pump minimum) through the INS COs.
It never got anywhere. Why? Insurance companies would lose the ability to make unnecessary and obscene profits off of each motorist.
IMO, this is the same reason we do not have single payer, the insurance companies (actually a handful of people) are making a god sized killing and it and your idea would eliminate that golden goose. What I don't get is why so many everyday people run around defending the need for insurance companies setting the rules.
This will cut down enormously on all the healthcare stress. We can have state exchanges, we can have unlimited lifetime maximums, and we can have that people with pre-existing conditions can't be turned away.
Then we should allow all health plans, regardless of benefits offered, to be allowed on the market without Govt intervention.
Next, we should deregulate anything that adds unnecessary cost to healthcare (Tort reform, enable shopping across state lines, allow plans to be sold no matter what coverages they have, as long as they are communicated to the buyer.
Most importantly,
Use a National Sales tax in lieu of the Mandated Fine
With this added, all Americans can choose what healthcare they want or choose not to buy any insurance, with national sales tax replacing mandated fine.
Why can't we go with this? Also it will make it so foreign visitors and even illegal immigrants if they buy things while in America, will now be helping out with the cost of healthcare, unlike before.
Why can't we just get rid of Obamacare?
There was nothing wrong with our health care system. It was insurance that some people complained about.
Allowing for more competition (selling across state lines, for example) would be a place to start. We didn't need the entire health care system to be re-invented! We had the best health care system in the world!
Has any other country made more advancements in medicine than the USA?
There was nothing wrong with our health care system. It was insurance that some people complained about.
Allowing for more competition (selling across state lines, for example) would be a place to start. We didn't need the entire health care system to be re-invented! We had the best health care system in the world!
Has any other country made more advancements in medicine than the USA?
We have good quality of medical operations at a price few can afford to pay for, and actually a very poor quality of care in the remedial procedures such as monitoring if old people fall out of bed at nursing homes. Big problem is obviously affordability and cost.
There needs to be lower cost options for people with prefunded savings for high quality future operations. Insurance plans that guarantee richer coverages in the future if you pay a certain prefunded amount when you are young. Also health services can help assist insureds in marketing fundraising for procedures they can't afford in cases of life and death emergency operations outside the price range of the person...
When a person age 25 needs a life and death operation that costs $300,000, you can fundraise through local community online and YouTube and get a lot of donators and this is how young catastrophic illnesses should be channeled
Young person premium dollars should instead not be put in reserves on hand, but invested in future medical needs of the patient at which time more money will be needed for medical care when person is much older. This pre-funding of future coverage is a good solution to America's healthcare situation, especially with Medicare pay as you go getting depleted
The point of the fine (from the perspective of the people who drafted the ACA) isn't just to bring in revenue but to try to get people who because of the new underwriting rules and mandatory coverage requirements are getting terrible value for their money to buy insurance, thus subsidizing other people who are paying less for their policies than the expected value they are getting back in return, again due to the new underwriting restrictions.
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