Do we need to deregulate the health insurance industry?

Question

Insurance companies are one of the most regulated industries on the planet. Instead of putting in place a Universal Healthcare System, should we model health insurance around the life insurance model in place today?

If we deregulate the insurance industry and allowed competition across state lines, it would be affordable.

You can have whole health that grows in value until you need it like whole life. You buy it young to get the cheap rates. You have term health that can be bought in 1 year, 5 year, 10 year or 20 year increments like term life. Premiums would be based upon the policy you choose and a physical exam.

1 year term health would be the cheapest and would cover the basic healthcare and the cost adjusts every year we get older. Whole health would be the most expensive and if you didn't use the entire policy when you die, the retained value passes onto your children or spouse.

To me this makes sense vs. UHC. Thoughts?

Answer 1

We need to deregulate all the markets. Government regulations are bad, period. That's what pushing business out of the country. No business, no jobs, unemployment, social support, your taxes go high. The market can handle by itself.
We don't need the protection of the government, we can buy by ourselves and if things go wrong, we learn and move on.

Answer 2

You may recall in the late 90's the rolling blackouts and spike in prices for energy that California experienced. That, my friend, was the result of deregulation. The other 'blue' states in the nation were prepared to follow Cali's model. Until it totally bombed. Deregulation rarely works. Still, it is possible, and a lot more practical than UHC.

Answer 3

Why not get rid of health insurance all together and buy the service directly from the doctor? Prices are high because companies can get that much from insurance companies. If we did away with them all together, the price of services would be forced to lower. There would be no middle man and everyone would be happy.

I do support government funded welfare for sick, elderly or otherwise disabled though.

Answer 4

The reason regulation is needed at all is because without any accountability industries can't manage themselves to do whats best for people only for themselves and their shareholders. Insurance agencies would refuse any pre existing conditions and less people would be insured that need it. It would work great for healthy people then at the end of the year when you're in the middle of a life threatening illness they will drop you. Either way you might as well look at bankruptcy if you get sick.

Answer 5

How approximately we merely outlaw scientific coverage totally. the finished corporation kind of coverage is fraudulent to start with. coverage is a waste of money. the only way we can decrease scientific coverage expenditures is that if we tension expenditures down by employing scuffling with coverage firms from colluding with the scientific racket to jack up expenditures. different reforms might comprise an end to drug prohibition and the prescription device and an end to patenting of drugs. coverage isn't the answer. coverage IS the subject.

Answer 6

Yeah, that would make as much sense as energy deregulation did for California. Talk to a Californian and see how well deregulation worked for them

Answer 7

Deregulation has almost never worked. Just look at the telecommunications or airline industries...

Answer 8

Makes way too much sense, the republicans wouldn't go for it because it makes too much sense & their friends (rich) wouldn't make as much money.
It is a shame, I would go for it!

Answer 9

I think we tried this with the AT&T.

Answer 10

yes we do & u need to run for office cause u got my vote