Anyone like my solution to the health care problem?

Question

first, let's get rid of year long insurance, let people change when they want...The insurance "racket"(since it's not legitimate business if anyone's ever dealt with them, would be forced to actually provide what they keep preaching, an entirely free market

Answer 1

Sounds good for a start. My brother and I came up with a plan involving health savings accounts. Basically, these accounts are set aside in banks with real cash value, and you have a debit card to access them that you use to pay your medical bills. If you don't use it all, the money is yours. If you die it is an asset transferable to your heirs. In the case of catastrophic illness or injury, when medical bills exceed the amount in the account, the account simply becomes overdrawn. And you have to repay the balance when you can. But you still get to use this card. You just set up an allotment to pay a portion of your check into this account. It is fairly simple and it negates the hassle of the insurance companies who are just a gamble against yourself.

Answer 2

So The other benifit of the plan James and I developed is that the "credit card" method of health payment means that traditional banks and lenders who offer cards now can get in on it. More competition, lower prices (rewards points, cash back). My debit card is linked to an intrest earning account. If I over spend that account it acts just like a credit card. The ballance would go up and if my illness were catostrophic then I might default on the ballance but the "bank" still makes lots of money on the other investors money so they can absorb the lost and write it off on thier taxes. This system also allows employers, who wish to do so, to contribute to my account in the same fashion as they direct deposit my paycheck. They need not know a thing about my health.
There would need to be a block on the cards such that they can only be used at places authorized for medical services/ supplies to prevent poor and uneducated spending thier medical money on beer and cigarettes.
The big benifit is to the medical service providers. Swipe the card and go. No approval from an insurance company trying to keep cost down, no extra employee to file insurance claims. This would allow doctors to charge less cause they could reduce overhead costs and get paid instantly instead of waiting months for insurance to pay it's bills.
People might need a system of "federally garanteed" accounts for really poor people and you'd need a manditory contribution system for those but the system overall will work.
Make doctors post thier rates in the lobby and let me pay my own bill.

Answer 3

There is no health care problem in the US. Liberals have made up an issue to try to get votes.
If you have health insurance, you can cancel the policy and buy insurance elswhere if you wish. I pay my premiums every month. If I no longer want the insurance, I just quit paying, and it will get canceled in a hurry.