There is no market innovation that can be made that would increase competition so significantly among healthcare providers that healthcare for any significant healthcare crisis would then make it affordable to anyone who does not have health insurance.
Moreover, except for the very wealthy, people cannot afford or access healthcare for any significant health crisis if they lose their health insurance due to the following: pre-existing conditions, a lifetime limit, a deductible or premium that was exponentially high, or a loss of employment or a period of disability.
This truth is that our healthcare system is doomed unless we mandate the breadth and scope of a health insurance policy (requiring “carrot-and-stick” maintenance [a combination of rewards and punishment to induce good behavior] of the healthcare insurance policy), and take measures to restrict healthcare costs (beyond simply “letting the market work,” as it does with commodities in which competitors are many).
This is so, because if drastic adjustments were done in broadening competition among healthcare providers, all we would end up with is low-cost, ineffective healthcare.
If we don’t resolve both prongs of the healthcare debacle of managing costs/increasing competition, and mandating the acquisition of healthcare policies while regulating the specifics of coverage, we will always end up with either healthcare that no one can afford (except for the healthy, wealthy, and those lucky enough to have the few jobs that provide health insurance), or the standard of healthcare that was available during the Middle Ages.
Loren M. Lambert © May 11, 2017
Moreover, except for the very wealthy, people cannot afford or access healthcare for any significant health crisis if they lose their health insurance due to the following: pre-existing conditions, a lifetime limit, a deductible or premium that was exponentially high, or a loss of employment or a period of disability.
This truth is that our healthcare system is doomed unless we mandate the breadth and scope of a health insurance policy (requiring “carrot-and-stick” maintenance [a combination of rewards and punishment to induce good behavior] of the healthcare insurance policy), and take measures to restrict healthcare costs (beyond simply “letting the market work,” as it does with commodities in which competitors are many).
This is so, because if drastic adjustments were done in broadening competition among healthcare providers, all we would end up with is low-cost, ineffective healthcare.
If we don’t resolve both prongs of the healthcare debacle of managing costs/increasing competition, and mandating the acquisition of healthcare policies while regulating the specifics of coverage, we will always end up with either healthcare that no one can afford (except for the healthy, wealthy, and those lucky enough to have the few jobs that provide health insurance), or the standard of healthcare that was available during the Middle Ages.
Loren M. Lambert © May 11, 2017
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