I believe the answer is yes. I also believe that perhaps people could only be allowed to purchase plans that have a 10k deductable per person per year. This would cause the free market to work again. Better care, service, and price.
2007-10-11 08:49:13 · 6 answers · asked by needliberty 2 in Business & Finance ➔ Insurance
Yes, you make a great point. Health insurance is Marxism in disguise: from each according to his abilities, to each according to his needs. Everyone is "sharing" the cost of everyone's healthcare. Why? Why pay for someone else? Save your premiums and invest them, and pay the doc when you're sick. Costs would come down because individuals would be doing the paying, instead of insurance companies. No one is going to pay $200 for a bottle of pills, if the generic is $20. No one is going to pay $100 for an office visit, if another doc will see you for $50. Taking the burden of healthcare off employers would increase everyone's compensation. You could afford to pay medical bills if you got to keep what your employer is paying for your coverage.
2007-10-11 12:26:47 · answer #1 · answered by Centaur 6 · 1⤊ 0⤋
People would die.
Your thinking is flawed. If folks had a 10,000 per year deductible - no one would seek health care. No annual physicals etc. Someone with cancer would die because they could not afford the 10,000 deductible.
For example: I have an awful health plan. As such, I have not seen a dentist in 5 years. I don't have the money to pay for it.
I just had a surgical procedure done that I had to have. With out insurance, it would have cost 16,000.00. But due to insurance, my out of pocket share would be 1600.00. It will take me a very long time to pay that off - I'll send each 25-50 per month.
The only thing getting rid of health insurance would do is improve the service provided to really really rich people b/c they would be the only ones going to the Dr -b/c they would be the only ones that could afford it. So yes, the health care crisis would be solved for rich people.
2007-10-11 11:29:44 · answer #2 · answered by Boots 7 · 0⤊ 0⤋
I’ve wondered that myself.
We buy home owner’s, personal property, and car insurance just in case something happens. None of us ever wants to have to use it. So why does it make sense to pay for insurance on something that will certainly need “service?”
My premiums don’t just pay for my healthcare; they also pay the salaries of all of the employees of the insurance company, their office rent, and all their bills? Why should I have to support those people to go to the doctor? For that matter, my doctor has to employ people whose exclusive job is to deal with insurance billing.
I’m not confident that having the government just run healthcare is the answer, but all of these scatter private insurers are not! My only concern about eliminating the health insurance industry is the economic impact of having all of those people lose their jobs. Where would they all go?
2007-10-11 09:11:59 · answer #3 · answered by Anonymous · 1⤊ 0⤋
No. 75% of AMERICANS have coverage now. Another 10% have access to coverage and can afford it, but choose not to take it.
I don't believe we have a health care crisis right now. I think we have a bunch of people suffering from their irresponsible and/or illegal acts, that want someone else to clean up after them. I don't see how eliminating health insurance for the responsible people, is going to change the irresponsible/illegal behaviors of the others.
2007-10-11 10:27:05 · answer #4 · answered by Anonymous 7 · 0⤊ 2⤋
No it would create a new crisis as many people could not afford treatment.
2007-10-11 08:55:44 · answer #5 · answered by PJ 5 · 1⤊ 2⤋
People would use less service so might die of neglect.
2007-10-11 08:55:20 · answer #6 · answered by shipwreck 7 · 0⤊ 2⤋