Said Michael Cannon, director of health care studies at the Cato Institute: "Shame on us for creating perverse incentives that cause people to give up private coverage for Medicaid."
Haven't noticed private insurance getting any cheaper.. What should happen is that people should be paying for their care outright... and buy insurance only for truly catastrophic occurances, say, for costs over $10,000.
I'm on a plan that my employer is now covering.. one medication i was taking became an "over-the-counter" drug. Rather than just paying the $30 for a monthly dose, my doctor suggested a new drug (not a better one) that I could get covered with insurance - and only pay $14. The insurance would pay the $106... to save me $16! 100% coverage COMPLETELY distorts the market...