I believe I have the answer to the National Health Care dilemma caused by Obamacare.
This program can be explained in less then TWO minutes.
Here goes!
I believe it would be cheaper and simpler if the federal government would simply purchase an insurance policy for all Americans.
Here's how it works and the eventual problems that it will solve.
The Senate creates a NATIONAL HEALTHCARE POLICY that contains all the necessary ingredients that they see fit. For example pre-existing conditions etc. A policy will cover a single and a family thereby including all Americans.
This policy would go out for BID to the over 200 insurance companies licensed to do business in the U.S.A.
They would then BID on the close to 200 million policies necessary to include ALL Americans. May the best companies win.
Insurance companies would then become the SINGLE PAYER and assume the TAXPAYER'S cost of ADMINISTRATION.
The single policy holder would save approximately 3 to $4,000 a year. The family policy will save families approximately 13 to $14,000 a year. This money goes back to STIMULATE the economy.
Employers would save approximately 7%. Those savings could go into expansion, higher wages, lower prices or other Investments. Union negotiations would be greatly simplified.
All Care Providers would immediately realize approximately 20% increase in their annual income because of the elimination of Bad Debt. ALL of their patients would have INSURANCE! They could then lower prices and become more efficient.
The insurance companies would then bear the burden of FRAUDULENT billing of 597 million dollars a year as well as assume all administrative responsibilities additionally saving the taxpayer approximately two to three billion dollars a year.
We presently spend 1.4 trillion dollars a year.
It would then be in the best interest of the insurance companies to invest some of their profits into Medical Research and Development.
They would also incentivize the policyholders to remain healthy thereby increasing their profits. Their profits could be used to lower the premiums, invest in the communities, enrich stockholders and/or pay the appropriate income taxes.
The taxes they pay will help offset the cost of the premiums paid by the Government (taxpayer).
If premiums end up too high, there could be a deductible.
There can also be two categories of insurance. One with pre-existing and one with no pre-existing conditions.
I believe this is more constitutional than Obamacare and look forward to receiving your critique.
With Respect,
Todd C Disner