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Market-Based Health Care Reform Ideas That Will Work! August 28, 2013 11:59 AM | Tagged as ObamaCare Rove Health Insurance

WSJ August 22, 2013 Page A13: “Republicans Do Have Ideas on Health Care” By Karl Rove and

Page A15: “The Man Who Was Treated for $17,000 Less” by Dr. Jeffrey A. Singer

In spite of what President Obama says, there are many proposals to make our healthcare system much better and cheaper, beside ObamaCare. If many of these were implemented, we would have lower costs and better outcomes.

1.                   Make health insurance portable between employers.

2.                   Provided the same tax benefits that large companies get on healthcare to small businesses and sole proprietors.

3.                   Allow smaller companies to be in risk sharing pools, so they can get the volume discounts that large companies enjoy.

4.                   Allow health insurance policies to be sold across state lines, like auto insurance.

5.                   Allow more Health Savings Accounts (HSAs).

6.                   Increase the amount people can deduct for medical expenses. ObamaCare has reduced that amount.

7.                   Reform medical malpractice law to reduce junk lawsuits and, hence insurance costs.

8.                   Let the states handle medical malpractice suits.

9.                   Allow transparency in markets so consumers know of a hospital’s prices and their successfulness of various procedures.

10.               Allow a consumer on Medicaid to transfer the value of their government benefit to a private package.

While some of these items are mutually exclusive, many are being packaged by lawmakers into coherent proposals that would lower prices, increase access, and improve the well-being of every American. There are common sense, market based alternatives to the giant government takeover of our health. Do we really need government to decide our health delivery system?

The idiocy of our current system was discussed in a related article which described a man needing a simple hernia repair. With his insurance plan, he was going to be charged out of pocket costs of $20,000. He decided not to use insurance and negotiated directly with his doctor, the anesthesiology, and the hospital. The total “cash-basis” cost was $3,000, a savings of $17,000. Great job, insurance company! Who needs you?

May we wake up before it’s too late.


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