Posted by
mzJakes on Wednesday, October 28, 2009 2:27:05 PM
There are several things that can be done to improve access to healthcare, lower costs of insurance and does not require a federal governement takeover.
1. Meaningful Tort Reform. Practicing professionals and their insurance providers can work far more efficiently if they has some grasp of their maximum exposure in lawsuits. While no one wants to take away an individual's right to sue when they've been injured, unquantifiable awards under the headings of 'pain and suffering' and/or 'punitive damages' must be capped. Using the federal anti-trust measure of treble damages seems a reasonable standard. If the limits on damages are say, 3 times the actual damages for pain and suffering, and an additional 2-3 times the combined damages for the punitive category, real reductions in medical malpractice insurance can be realized with a resulting reduction in cost at the doctor's office. Further, if the doctor no longer needs to practice defensive medicine, both in the testing arena and the time it takes in notating files...the combined savings would be enormous.
2. Expand Medical Savings accounts. First, make medical savings accounts employer free...in other words, any person can walk into a bank and establish such and account that goes with the individual when they change or lose a job. Further, end the practice of 'use it or lose it' and make the funds transferable to other types of accounts under certain circumstances. Personally, I've never signed up for and HSA when one was available because I could never accurately predict my medical expenditures for the year.
3. Eliminate state insurance monopolies. Allowing individuals and businesses to find the best plan anywhere in the country will stoke real competition and lower premiums and prices. (This should be extended to all lines of insurance regulated by states...ie auto and home).
4. Phase out S-Chip, Medicare and other federal programs in favor of vouchers for which these qualifying individuals can purchase catastropic coverage on the open market. By phase out, I mean that those currently in these systems would keep their current coverage if they choose, or they can opt out for the voucher if they find a better deal.
In truth, the Federal Government only should be providing health care to military personnel, especially to those wounded in action needing lifelong treatment for their injuries. It's the least we, as a nation, can do for are fallen soldiers, and anything we do is never enough.