A Comment About

ObamaCare and our Debt Death Spiral

March 28, 2010 - 12:34 am - by Monty Pelerin
WillDoMathForFood
2010-03-28 13:56:04

qrstuv @ 18: I’m with you about catastrophic insurance. I think everybody should have to pay for the first, say, $2500, of their own healthcare out of their own pockets. (Maybe higher even higher.) Insurance ought to be there to keep you from going bankrupt. First dollar health insurance is madness, and leads to – surprise – exploding healthcare costs. Nobody offers “food insurance” that pays for every dollar of groceries. Why not? The rationale is the same as paying for the first dollar of healthcare. Take the third parties out of the middle of the transaction, and some semblance of rationality will return to a market that right now is anything but free. AND, if we could rein in the lawyers, bonus!