Six of the best

Six Quick and Easy Reforms to Lower the Cost of Healthcare

  1. Make all medically-necessary health expenses fully tax-deductible: Abolish the 10% AGI requirement. Do away with Health Tax Shelters such as FSAs and HSAs. Who loses: the Government and the banks. Who wins: Everybody else.
  2. Get rid of “sweetheart deals” that benefit only Insurance companies: All this “in-network” and “out of network” rubbish need to stop. Once upon a time, insured people paid full price so that the uninsured could get healthcare at zero or low cost. Then the Insurance Companies made a grab for the money that was left on the table. Providers were offered lower, fixed rates with insurance companies. Insurance companies need to pay the same as everybody else. Who loses: Insurance companies. Who wins: Everybody else.
  3. Allow providers to negotiate discounts: Under current Medicare Law, it is illegal for a Provider to offer you a discount. Who loses: The Government and Insurance companies. Who wins: Everybody else.
  4. Require Insurance companies to settle bills immediately: Medical care is the only area where you have no idea what it will cost you until you get a bill, weeks, often months, later. When you go to the pharmacy, you know how much your drugs will cost before you leave. A similar system needs to be implemented for medical care. Who loses: Insurance companies Who wins: Everybody else.
  5. Menu Pricing: Customers have a right to know the cost wherever possible, and shop around if necessary. Who loses: Doctors. Who wins: Everybody else.
  6. Discourage frivolous malpractice lawsuits. The way things stand, Doctors have to pay thousands of dollars a month. That pushes up the cost for everyone. Who loses: Lawyers and folks who want to sue for malpractice. Who wins: Everybody else.
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