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Author: 1poorguy Big funky green star, 20000 posts Top Recommended Fools Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1933069  
Subject: Re: This is what is wrong with healthcare costs Date: 2/6/2014 4:10 PM
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Because the law would require that if a provider accepts one price from a provider, it must offer the same price for the same service from ANY patient, insured or not.

That would make insurance a much less useful product. Basically it would only make sense for catastrophic events. If I can get the same price with or without insurance, why would I have insurance except for the really major stuff? The premiums would probably eat up any savings on routine stuff. As an employment bennie it would not be very attractive anymore.

Not saying that is bad. I've never liked linking health insurance to employment. Often it traps employees into jobs they may not like but need to keep. But that would appear to be the end result.

Interesting idea. I enjoyed our chat on this. It's refreshing when someone has thought something through instead of just a visceral "no" response (which is mostly what the ACA seems to get). I'm not convinced your approach is better than the ACA, but it does seem potentially viable. Insurance companies will hate it (which has to be a good thing, right?! ;-).

And I do still agree that rates should be posted, or at least available in some straight-forward form.

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