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Re: SCOTUS LIVEBLOG - Obamacare Mandate Survives-Part 2
Eliminating them completely is not needed, reducing the paperwork overhead (woops, PPACA increases it) would help a lot. The primary difference in medical care insurance and ALL other forms of insurance is the frequency of claims. Insurance is for the rare, unexpected and expensive events in life. Auto insurance does not cover tune-ups, oil changes or flat tires, it is used for collision and injury claims only. Homeowners insurance doe s not cover a worn out sofa, broken clothes dryer or lawn maintanence, it is used for storm/fire damage and personal injury claims only. A "catastrophic" medical care policy would be much the same, a high annual deductable policy that pays 100% of claims above that amount is very affordable, and requires only minor paperwork overhead, much like auto/homeowners insurance.
I've only got one question about insurance, what do they provide besides taking a slice of money out of the system? They're not a doctor, nurse, technician or any kind of health service they simply get in between the patient and their medical providers for a fee driving up medical costs. How would not eliminating them not bring down costs?
Eliminating them completely is not needed, reducing the paperwork overhead (woops, PPACA increases it) would help a lot. The primary difference in medical care insurance and ALL other forms of insurance is the frequency of claims. Insurance is for the rare, unexpected and expensive events in life. Auto insurance does not cover tune-ups, oil changes or flat tires, it is used for collision and injury claims only. Homeowners insurance doe s not cover a worn out sofa, broken clothes dryer or lawn maintanence, it is used for storm/fire damage and personal injury claims only. A "catastrophic" medical care policy would be much the same, a high annual deductable policy that pays 100% of claims above that amount is very affordable, and requires only minor paperwork overhead, much like auto/homeowners insurance.
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