If medical costs don’t drop, insurance costs can’t. They don’t operate at a loss. How could they reduce premiums if medical costs don’t drop?
And if you truly think the insurance company premiums are way overpriced, then buy stock in the insurance company and subsidize the premium that way.
That's an easy answer:
Give customers the option of buying coverage that doesn't meet all of the Obamacare requirements.
This is America, isn't it? Give the customers -- and the insurers -- OPTIONS that can be tailored to meet individual needs.
1. A medical insurance policy would cost a lot less money if it has a lifetime limits on benefits -- even if it's as high as $5 million. Obamacare prohibited this. The GOP bill doesn't change it.
2. A medical insurance policy would cost a lot less money if it did not cover pre-existing conditions. Obamacare forced all insurers to cover every pre-existing condition, even if a customer wants to buy one without the pre-existing condition coverage. The GOP bill doesn't change this.
3. A medical insurance policy would cost a lot less money if it didn't have to cover all kinds of procedures and treatments mandated by the U.S. government. This is what Obamacare brought us. The GOP bill doesn't change this.