Could not agree more, however this must be approached thoughtfully. To just eliminate it would be to create a void. Repeal the ACA but eliminate the prohibition on crossing State lines WRT insurance. This will allow natural competition and give the results needed.
eliminate the prohibition on crossing State lines WRT insurance.
Totally agree, increased competition drives prices down. I'd add prevent health care companies from insuring pre-existing conditions. Charge a higher premium, create a higher risk pool (or something else..) but preventing people from getting healthcare due to pre-existing conditions is just stupid.
Grow the pool of insured through increased competition and reduced cost (as you suggested) and the rest should naturally take care of itself, IMO.
Yes. they have to be careful with all the people Obama forced onto exchanges.
” Repeal the ACA but eliminate the prohibition on crossing State lines WRT insurance.”
That wouldn’t do any good. Demographics and insurance laws (still) vary considerably from state to state. An insurance company in a climate favorable to their business is not going to sell insurance to a riskier area without raising rates — making them just like the local companies you are trying to escape.
No it won't. Insurance companies will sell if they can make a profit. If they are not currently selling insurance in a state then they haven't got the established network of doctors and hospitals and other healthcare providers. Without that network they can't keep their expenses at a pre-negotiated level. And they aren't going to establish a network for a handful of customers. So their chance to make money is almost non-existent. You can remove the restriction but you can't force companies to participate.
Repeal the individual mandate, the employer mandate and end the subsidy to the federal exchange. Let nature take its course.
The thorny part is dealing with pre-existing conditions. The old “state pools” are a bad idea.