I am not sure this is true. Why couldn’t you purchase a 30 year level term medical insurance policy, the same as is available for life insurance? As this article proposes, portability would trigger a whole range of new offerings. This is done to some extent now under COBRA legislation. Why can’t this be extended.
On the other hand, I would certainly strip out all those coverages which are essentially pass through costs. For example, most dental insurance is not strictly speaking insurance and amounts to forced savings.
But again: What would the premium have to be to cover a guaranteed $10,000 per month cost for 30 years?
Because of the overhead and profit costs, it might actually be cheaper to pay cash each month!
My point is, we're allowing the left to redefine the language, as usual. We're lumping together medicine, insurance and welfare benefits under the "heathcare" umbrella and the resulting distortions gives us results like Obamacare.
80,000 people nationwide need a welfare benefit. Let's talk about that and free the rest of us from all these government mandates!