The secret is to get rid of the insurance companies altogether and then everything else falls in line. Have government offer interest free loans for actual medical costs backed by the US tax payer.
Forced savings accounts for people under 40 that grow interest free and must be depleted before you can get a medical loan.
In 20-30 years most Americans would be able to self insure for all but the most catastrophic cases.
Allow the medical savings accounts pass tax free to the heirs for their medical expenses.
Forced savings accounts for people under 40 that grow interest free and must be depleted before you can get a medical loan.
Right. We need a paradigm shift in our collective thinking. Just like people put money away for a vacation, or new car or home, they could save for future REAL healthcare costs.
If you propose that people pay back even 0 interest loans on hospital bills for hundreds of thousands of dollars, there will be a revolution. People are freaking out about $5000 deductibles. Where do you see them accepting the equivalent of a house payment for the rest of their lives?
One thing we need to do is separate physician and hospital bills (which ironically are now more related than ever in modern hospital accounting systems).
No one is filing bankruptcy because of office visits.
It’s the 10 day ICU stays that destroy finances.