All the buzz these last two months has been health care. It’s a scary situation thinking that a Democratic president is willing to force a great “safety net” upon the population, stifling liberty and choice in the process. It’s interesting that we’re often forced to buy products we seldom use in this country - products like car insurance, life insurance, immunizations, etc. All these for the “common good.” And now, we may possibly be forced to get health care, either through a current provider or a government-run plan. For a country we tout as the most free in the world, it sure feels like we’re slowly becoming economic slaves to both state and federal government.
Even with all the talk about health care plastered on our television screens on a daily basis, I’d like to share a few thoughts about how the United States Congress could work to bring about reduced costs as it relates to health care. As a sidenote, few of these have even been considered by the mainstream media or the GOP in general.
1. Tort reform: A huge portion of health care costs derive from the costs of malpractice insurance. By limiting or creating criteria for limiting monetary malpractice lawsuits, we can instantly slow the growth of health care costs. I’d also recommend a “loser pays” system.
2. Expand truth in billing and policy ownership: I think this could be a large part of the reason why health care costs continue to climb. When was the last time you checked how much it cost to go to the doctor? How much was that flu shot you had or that crown you had put in at the dentist? Most people don’t ask these things unless they pay for their own health care. We figure the insurance company will take care of the bill as long as I pay my $20 co-pay. The truth is, everything has an economic cost and we just can’t assume insurance companies or medical providers will automatically let us know how much is charged for any given medical service. Basically, I would propose that we slowly eliminate employer-based healthcare, expand HSAs, and deregulate the market. This would transform health care services to a competition-based model, treating health insurance like car or life insurance is today. That means competitive rates and quality products from any number of insurance providers.
3. Portability: Art. IV, Section 1 of the Constitution reads “Full faith and credit shall be given in each state to the public acts, records, and judicial proceedings of every other state. And the Congress may by general laws prescribe the manner in which such acts, records, and proceedings shall be proved, and the effect thereof.”
Using this clause as the basis for health insurance portability, Congress may ensure that health insurance purchased in one state may be honored in another without penalty or reduction of benefits. This is also a deregulation of the market in itself, which would instantly allow consumers to carry health care coverage wherever they go.
Feel free to add your ideas to the comment section.
