Flopper
Diamond Member
And those of us who didn't like Obamacare, and who wanted to involve the marketplace wanted to do away with much of the insurance market. Basically, use the tax expenditures of employer sponsored and Obamacare to GIVE people the money the employers will just keep under TrumpyourCare in the form of tax credits. Doctors and hospitals would be encouraged to advertise prices and success rates for procedures, and people could use their own judgment.Most of these recommendation have been around for years. Take for example removing barriers that keep insurance companies from operating across state lines. Currently 70% of health insurance companies do operate across state lines although none operates in every state. The number has increased since Obamacare which forced state regulators to take a backseat to federal regulations. There are a number of barriers that keep insurance companies within state lines, none of which are federal laws and regulation. State laws and regulations are still a major barrier. The only way the federal government can solve that problem is to usurp the power of the states to regulate insurance.What I really like is the emphasis on expanded Health Savings Accounts, and the shift in tax deductibility to individuals. Another excellent proposal is price transparency.
Congress must act. Our elected representatives in the House and Senate must:
1. Completely repeal Obamacare. Our elected representatives must eliminate the individual mandate. No person should be required to buy insurance unless he or she wants to.
2. Modify existing law that inhibits the sale of health insurance across state lines. As long as the plan purchased complies with state requirements, any vendor ought to be able to offer insurance in any state. By allowing full competition in this market, insurance costs will go down and consumer satisfaction will go up.
3. Allow individuals to fully deduct health insurance premium payments from their tax returns under the current tax system. Businesses are allowed to take these deductions so why wouldn’t Congress allow individuals the same exemptions? As we allow the free market to provide insurance coverage opportunities to companies and individuals, we must also make sure that no one slips through the cracks simply because they cannot afford insurance. We must review basic options for Medicaid and work with states to ensure that those who want healthcare coverage can have it.
4. Allow individuals to use Health Savings Accounts (HSAs). Contributions into HSAs should be tax-free and should be allowed to accumulate. These accounts would become part of the estate of the individual and could be passed on to heirs without fear of any death penalty. These plans should be particularly attractive to young people who are healthy and can afford high-deductible insurance plans. These funds can be used by any member of a family without penalty. The flexibility and security provided by HSAs will be of great benefit to all who participate.
5. Require price transparency from all healthcare providers, especially doctors and healthcare organizations like clinics and hospitals. Individuals should be able to shop to find the best prices for procedures, exams or any other medical-related procedure.
6. Block-grant Medicaid to the states. Nearly every state already offers benefits beyond what is required in the current Medicaid structure. The state governments know their people best and can manage the administration of Medicaid far better without federal overhead. States will have the incentives to seek out and eliminate fraud, waste and abuse to preserve our precious resources.
7. Remove barriers to entry into free markets for drug providers that offer safe, reliable and cheaper products. Congress will need the courage to step away from the special interests and do what is right for America. Though the pharmaceutical industry is in the private sector, drug companies provide a public service. Allowing consumers access to imported, safe and dependable drugs from overseas will bring more options to consumers.
Full Health Care reform plan can be read here >>> Healthcare Reform
Increasing competition between insurance companies will have little effect on healthcare cost because the profit margin of health insurance companies are typically 4% to 5% and insurance companies have never been successful at forcing lower cost on providers. The real cost is delivering healthcare, not insurance.
Doctors and hospitals advertising prices would at best be misleading because there is no way knowing what the total cost will be of treatment and patients would not be able to compare costs. There are many tools available now for patient estimate costs.And those of us who didn't like Obamacare, and who wanted to involve the marketplace wanted to do away with much of the insurance market. Basically, use the tax expenditures of employer sponsored and Obamacare to GIVE people the money the employers will just keep under TrumpyourCare in the form of tax credits. Doctors and hospitals would be encouraged to advertise prices and success rates for procedures, and people could use their own judgment.Most of these recommendation have been around for years. Take for example removing barriers that keep insurance companies from operating across state lines. Currently 70% of health insurance companies do operate across state lines although none operates in every state. The number has increased since Obamacare which forced state regulators to take a backseat to federal regulations. There are a number of barriers that keep insurance companies within state lines, none of which are federal laws and regulation. State laws and regulations are still a major barrier. The only way the federal government can solve that problem is to usurp the power of the states to regulate insurance.What I really like is the emphasis on expanded Health Savings Accounts, and the shift in tax deductibility to individuals. Another excellent proposal is price transparency.
Congress must act. Our elected representatives in the House and Senate must:
1. Completely repeal Obamacare. Our elected representatives must eliminate the individual mandate. No person should be required to buy insurance unless he or she wants to.
2. Modify existing law that inhibits the sale of health insurance across state lines. As long as the plan purchased complies with state requirements, any vendor ought to be able to offer insurance in any state. By allowing full competition in this market, insurance costs will go down and consumer satisfaction will go up.
3. Allow individuals to fully deduct health insurance premium payments from their tax returns under the current tax system. Businesses are allowed to take these deductions so why wouldn’t Congress allow individuals the same exemptions? As we allow the free market to provide insurance coverage opportunities to companies and individuals, we must also make sure that no one slips through the cracks simply because they cannot afford insurance. We must review basic options for Medicaid and work with states to ensure that those who want healthcare coverage can have it.
4. Allow individuals to use Health Savings Accounts (HSAs). Contributions into HSAs should be tax-free and should be allowed to accumulate. These accounts would become part of the estate of the individual and could be passed on to heirs without fear of any death penalty. These plans should be particularly attractive to young people who are healthy and can afford high-deductible insurance plans. These funds can be used by any member of a family without penalty. The flexibility and security provided by HSAs will be of great benefit to all who participate.
5. Require price transparency from all healthcare providers, especially doctors and healthcare organizations like clinics and hospitals. Individuals should be able to shop to find the best prices for procedures, exams or any other medical-related procedure.
6. Block-grant Medicaid to the states. Nearly every state already offers benefits beyond what is required in the current Medicaid structure. The state governments know their people best and can manage the administration of Medicaid far better without federal overhead. States will have the incentives to seek out and eliminate fraud, waste and abuse to preserve our precious resources.
7. Remove barriers to entry into free markets for drug providers that offer safe, reliable and cheaper products. Congress will need the courage to step away from the special interests and do what is right for America. Though the pharmaceutical industry is in the private sector, drug companies provide a public service. Allowing consumers access to imported, safe and dependable drugs from overseas will bring more options to consumers.
Full Health Care reform plan can be read here >>> Healthcare Reform
Increasing competition between insurance companies will have little effect on healthcare cost because the profit margin of health insurance companies are typically 4% to 5% and insurance companies have never been successful at forcing lower cost on providers. The real cost is delivering healthcare, not insurance.
Comparison shopping is complex for patients, as well as confusing and nearly impossible, because outcomes are variable, success isn't guaranteed (compare your expectations for medical care to the purchase of a car or refrigerator) and different therapeutic approaches have different outcomes for different patient populations.