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Federal insurance for catastrophic medical costs on behalf of individuals:
Excerpted from Congressman Paul Ryan’s web site. He forwarded a transcript concerning his positions of regarding USA’s healthcare policies; Racine [WI] Journal News, Mark Schaaf, July 7, 20217.
“Republicans have proposed the federal and state governments subsidize the cost of care for people in the individual market with catastrophic illnesses, Ryan said. He believes that will make it easier to insure people in those high-risk pools at a more affordable price”.
Paul Ryan’s advocating federal insuring catastrophic medical costs of individuals. That’s a concept that both sides of the political ailse could agree upon.
I’m a proponent for federal acceptance of fiscal responsibility for catastrophic medical condition regardless if patients were or were not previously insured. Hospitals must be reimbursed for those extraordinary expenditures.
This a slippery slope for Paul Ryan. As right wing purist and man of principle how does he reconcile government paid healthcare for some but not for all?
IMO, whether this is a good idea depends on what the other options for health insurance are.
If a catastrophic illness is brought on by years of medical inattention due to inadequate health insurance - well, it's just not a solution.
Jacqueg, in practice, the federal government now indirectly pays the catastrophic medical expenses of the uninsured and the underinsured U.S. citizens and/or residents. For ALL OTHERS, their insurance costs are increased (to reflect their insurers’ additional risks), due to catastrophic medical expenses.
This is applicable to all medical insurers; (i.e. commercial, or non-profit, or government insurer entities. To the extent that these additional costs are reflected within medical insurance prices, federal catastrophic medical insurance would reduce the prices of all medical insurance programs and policies.
A Catastrophic Healthcare Act proposal:
The purpose of the proposed Catastrophic Healthcare Act is to reduce the financial consequences of catastrophic medical costs upon legal USA resident or citizens, their indebtedness to their medical providers that served them, and upon the costs of healthcare insurance plans that contribute to insure them.
Federal fiscal responsibility of a USA citizen or legal resident patient’s catastrophic medical expenses would commence on the date when legally “covered healthcare” costs provided on behalf of an individual patient within the duration of that date and the prior 365 days, have attain a legally specified annual amount, (i.e. attained the “catastrophic-amount”).
Federal government’s financial-responsibility continues from commencement date until the patient experiences 365 consecutive days within which the legally “covered” healthcare costs provided on behalf of the patient do not exceed 15% of the catastrophic-amount.
The federal government annually adjusts the catastrophic-amount thus retaining that amount’s purchasing power.
The concepts of legally covered medical expenditures and their allowable price schedules are already in practice within now existing federal single payer medical insurances.
A legal USA resident or citizen’s entitlement to the benefits due to the Catastrophic Healthcare Act does not require the patient to have been covered by any medical insurance plan.
This a slippery slope for Paul Ryan. As right wing purist and man of principle how does he reconcile government paid healthcare for some but not for all?
KatzPaw, catastrophic medical insurancee should be for all; even those legal residents who are not otherwise insured.
Basic insurance's concept is sharing costs of less usually occurring, but greatly expensive risks, thus eliminating such a great costs befalling upon a few individuals.
Price differentials are possible if we are, or believe we are able to more accurately determine and segment the population of insurance applicants, by the (1) degrees of their risk of occurrences, and (2) the expenses of those individual occurrences.
When the differences of costs for those differences for risks, (#1) are comparatively small, and (#2) the differences of those occurrences individual costs are comparatively small, the differences of prices are less significant and the savings of possible costs less justify price differentiating.
Regarding (#2), the comparatively huge per incident costs of some medical occurrences that can upset, if not destroy the budgets of almost any other, (governments', commercials', non-profits', self-insured groups' or individuals') medical insurance funds:
I'm a proponent for medical catastrophic insurance ENTIRELY funded from the federal general budget and not be passed on to any other government or non-government medical budget. This ISN'T SOCIALIZED medicine; it ISN'T SOCIALIZED basic medical insurance, (which I'm also a proponent of).
Universal health insurance with copays and deductibles. Kind of like Medicare. The supplements can be private just as they are now.
I have a friend ruined by medical. Another who went thru 6 months of hell when his live in girlfriend was garnished by an out of network radiologist prowling the E room of an in network hospital where they took their daughter.
Universal health insurance with copays and deductibles. Kind of like Medicare. The supplements can be private just as they are now.
I have a friend ruined by medical. Another who went thru 6 months of hell when his live in girlfriend was garnished by an out of network radiologist prowling the E room of an in network hospital where they took their daughter.
When you say garnished do you mean they took the money out of her paycheck? If so, that's her own fault. She didn't attempt to pay the bill and ignored all the collection attempts. The same thing happens when you do this with credit cards. If she would have made a good faith attempt to set up some kind of payments it wouldn't have happened.
Federal insurance for catastrophic medical costs on behalf of individuals:
Excerpted from Congressman Paul Ryan’s web site. He forwarded a transcript concerning his positions of regarding USA’s healthcare policies; Racine [WI] Journal News, Mark Schaaf, July 7, 20217.
“Republicans have proposed the federal and state governments subsidize the cost of care for people in the individual market with catastrophic illnesses, Ryan said. He believes that will make it easier to insure people in those high-risk pools at a more affordable price”.
Paul Ryan’s advocating federal insuring catastrophic medical costs of individuals. That’s a concept that both sides of the political ailse could agree upon.
I’m a proponent for federal acceptance of fiscal responsibility for catastrophic medical condition regardless if patients were or were not previously insured. Hospitals must be reimbursed for those extraordinary expenditures.
Has to be. Obamacare covers this now. If we move away from Obamacare this is one very msjor aspect that needs attention and coverage.
By severity of illness or by the predicted cost to treat it?
Who does the defining in each case....the Feds or the Doc's? (pls do not be thinking that diagnosis of medical issues is a simple, black & white exercise. Far from it.)
Why would anyone bother to buy health insurance that included catastrophic care if the Feds promise to pick up the tab? They'd just buy a stripped-down version to lower their premiums.
By severity of illness or by the predicted cost to treat it?
Who does the defining in each case....the Feds or the Doc's? (pls do not be thinking that diagnosis of medical issues is a simple, black & white exercise. Far from it.)
Why would anyone bother to buy health insurance that included catastrophic care if the Feds promise to pick up the tab? They'd just buy a stripped-down version to lower their premiums.
Cost. It would have to start with billings, then go from there. Usually hospital billings, of course these being inflated.
Personal HC coverage would include catastrophic. Whether personally or centrally funded.
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