>> when it comes to insurance i’m not sure theres an answer <<
You make an astounding admission. Either you gotta be kidding, or you simply haven’t studied the matter:
OF COURSE there’s an answer, or at least several of them. Milton Friedman developed the basic and the correct understanding of the health insurance conundrum years ago, and little or nothing has changed “analytically” since then.
The heart of the problem is that ever since WW2, most people have obtained their medical insurance via their employers. This perverse system has meant that the majority of Americans tend to view healthcare almost as a “free good” and therefore they have little or no incentive to economize the use of healthcare resources. The end result has been a bundle of economic distortions, the net effect of which has been the hyperinflationary trend of health-sector costs.
So:
Let us move back to a market-based system, where (a) the U.S. income tax regime encourages individuals to buy their own insurance; where (b) we’re free to buy any kind of policy across state lines, without government-mandated coverage provisions; and where (c) the doctor-patient relationship isn’t encumbered by “middleman interference” from insurance companies and from governmental agents — then bingo, you’re well on the way to a solution.
The hard problem with health insurance is the elderly and those with chronic illnesses.
In a free market, I believe that charity would fill this void.
Since were not likely to enjoy a purely free market anytime soon, what is a realistic, incremental, more market-based approach?
One step could be tax-funded awards being offered for better, cheaper cures, or healthcare improvements, however defined.
Wait so you’re pro insurance. I don’t want to make any mistakes here. And you wish a system of everyone buying their own?
So the thousand plus i pay a month towards health insurance dental being a different expense,would go up by how much? As a participant in a group policy i get a price break. If insurance companies had nothing but individual policies they would not hesitate to raise rates even more to cover all those pesky persons.
Obtaining insurance through your employer is not the problem. The problem is all the people that never put anything in or very little. They had the most reason to abuse the ‘gift’.
I wish i could say that if companies didn’t cover their employees that they would pay more but looking at how stagnant pay has been for at least a decade i bet they wouldn’t.
Theres nothing easy about this.