Sounds good to me.
It's not the $100 to $200 a month, it's the $10,000 for the HSA. And if you have a medical emergency in year 1 that drains your HSA then where do you come up with the $10,000 for year 2?
You can buy your policy anywhere- across state lines. Watch costs come down dramatically.
Fantasy. Five or six states allow purchase of insurance across state lines and it's been a complete failure in each case.
You can buy your prescriptions anywhere- across country lines. Buy your prescriptions in Mexico, Canada, or Switzerland- wherever it’s cheapest. Watch costs come down dramatically.
Took four proposals for one to make sense.
#5) Mandate that doctors and hospitals post prices for every procedure online- so you can pick your doctor based on affordability. Watch costs come down dramatically.
Cost comparisons for hospitals are already available online. If people aren't making use of it now then why should we expect it to change?
Tort reform- limit the lawsuit rewards. Patients have a right to sue, but not win the lottery. Watch costs come dramatically down.
Tort reform capping awards has been enacted in about half the states in the country. And in none of them has there been any impact on health care insurance premiums. Malpractice insurance, yes. But not health care.
Everyone who gets free government-run healthcare must work. Just as many states have put a work requirement on welfare or food stamps. Guess what happened? The rolls dropped by 50%, thereby saving taxpayers billions of dollars.
Including children, elderly, the disabled?
There’s a work requirement. Everyone who gets free government-run healthcare must work. Just as many states have put a work requirement on welfare or food stamps. Guess what happened? The rolls dropped by 50%, thereby saving taxpayers billions of dollars.
You want free healthcare? If you don’t want to work, you don’t get the check. From now on, you want healthcare paid by government, you’ll get a job, or the government will provide one.
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What about people who literally, physically cannot work .... like my friend who was dying of pulmonary hyertension .... could barely blink her eyelids because any exertion sent her into oxygen deficit. She was bedridden, in a nursing home paid for by Medicare (she had NO assets other than two plastic tubs under her bed with some personal items in them).
Friend #2 - curled up like a pretzel with rigid limbs due to MS - again, NO personal assets (not even plastic tubs), in a nursing home paid for by Medicaid.
Neither had family who could help & certainly no one who could afford the $4-7K per month that the nursing home cost (both in a “bad” nursing home, certainly nothing with any frills - could hardly get basic care) - plus hospital visits when necessary.
Plenty of folks with dementia, Alzheimers, etc. who have run through their own assets .... again, not employable in ANY context.
I don’t see anything in Root’s plan for folks like these.
Stop dictating what must be in every healthcare insurance plan.
Stop making old men (and everyone else) pay for birth control pills and abortions.
Reinstitute the work requirement for welfare and use the savings to help offset the cost of medical care for the truly needy.
Stop all welfare, food stamps, healthcare and other handouts to aliens, legal and illegal. Apply those savings to help offset the cost of medical care.
So says the man who declared that Romney would beat Obama in 2012.
For example, if their standard deduction is $12,000 and the total of their other deductions is $8,000, the $10,000 Medical Savings account raises their total deductions to $18,000, so they are only gaining an additional deduction of $6,000.
Make the Medical Savings Account and Health insurance premiums pre-tax. The Medical Savings Account and insurance premiums lower there taxable income. Then regardless of what their other deductions are they get the full benefit of tax reduction at their top marginal rate.
Most employer provided health insurance plans that require employees to pay part of the premium have pre-tax payments. It is much better than a deduction.
Is that $10,000 per person per year?
Who picks up the cost after that?
This seems like a great proposal ... which means it won’t be considered. Big Med, Big Pharma don’t like competition and they spend millions in D.C. lobbying.
P4L
All good except #4. If Americans buy cheaper drugs from socialist countries, the drug research money would eventually dry up.
Why fund research if you cannot make a profit?
The socialist countries controlled by the Left have cheaper drug prices because they refuse to pay market price. We are subsidizing the socialist countries. As it is now, we are about the only country that funds the drug research by paying market price for drugs.
If we stop, it stops.
If they made Medicare, Medicaid, and maybe the VA accept that as well ( hang with me for a minute... ) sure, it would be cheap for uncle sugar to pay for it, compared to what they are paying now. The question begs is the 1st out of pocket (10K), especially if no one has the 10k for their HSA.
Now, I do know a couple that are members of one of the "Health Care Ministries" that are exempt from Obamacare. Their is a feature in these plans that no one in the media or body politic will talk about a success within those programs that I am lucky to have heard of. It goes like this. My friends enrolled in one of these ministries notes in their monthly paperwork, it is often a note of someone in need, their 1st name, what might be wrong with them and how to donate. They do, and so does many others in these plans send extra money for those in need, they are asked not forced that is the difference.....
We are a generous nation, this feature at the State Level IMHO would work, especially the 10k for an HSA. Talk about win on top of wins...
Pharmaceutical prices are highest in places like the United States, without a doubt. The reason they're cheaper in other countries is that those countries' governments mandate a price fix. Pharma companies must comply, or sometimes not get approval to sell their products in that country. Often, they're willing to sell at a discounted price, in order to make money, but there's a limit as to how far the price on products can be reduced. If they're too low, pharma companies simply won't sell them.
Allowing US consumers to purchase pharmaceuticals elsewhere will have a ripple effect throughout the industry and throughout global markets. It's a supply and demand situation. Pharmaceutical companies will simply not sell in countries where they cannot make a certain profit margin. That means countries like Mexico and Canada might have to forgo getting the latest treatments. Mexican consumers will still want to get their hands on the best medicines, and the increased demand will increase the price.
There is also the issue of supply-chain traceability. In many other countries, it's hard to tell where the "medicine" originated; there's often little guarantee that what you're purchasing is actual pharmaceutical product, or a counterfeit product. Do you want to put a suspect med into your body, with price being your only criteria for doing so?
Far too logical, and too likely to work, to have any chance whatsoever of success.
The only Health Care plan that will succeed is one that provides a steady stream of grotesquely immense, unearned wealth to denizens of the D.C. swamp. And it must be plan that delivers no consequences whatsoever to those Swamp Creatures. It has one final necessary feature: It must be entirely non-functional and keep the Health Care System in a state of complete and total disrepair at all times. That is because it must continue to provide a steady stream of grotesquely immense unearned wealth to those Swamp Creatures for the long-term future.
That is the only kind of plan that will ever be approved by Congress.
Not sure Wayne understands the problem.
The costly mandates to the insurance companies are no medical underwriting and no annual/lifetime caps on payments.
His proposal appears to keep both of them.
One huge incorrect premise. 100 million Americans are enrolled in Medicare or Medicaid. The government pretty much sets the market now anyway.
Chief Justice John Roberts rightly noted that Obamacare was a tax. Keep that reality in mind and realize Obamacare played “Robbing Hood”. There will be a tax to support healthcare but it should not penalize the young and working class via taxing income or requiring unreasonable levels of coverage. Instead we should have two classes of healthcare. One would be private, allowing you to get reasonable coverage on the open market tailored to your specific needs. The other would be public for those unable to afford or obtain private insurance. Care would be provided by government clinics with hospitalization through a voucher system. Funding would be through a small national sales tax and premiums charged on an “as able” basis.
There are many options out there. I am disgusted with a Republican Party that has not taken action to repeal Obamacare and move forward with a better system. I am even more disgusted with Democrats who have chosen to double down on stupid and fight to retain the failing Obamacare. Both parties need to remember they serve a public that has grown tired of their bickering and failure to address national problems.
Concomitantly, you need to reduce the obscene cost of new drug development in order to keep the new drug development machine going.
. . . or else limit medical care to 1950 technology . . .