What would happen if we lowered the cost of health insurance?
You can’t do that–that’s private industry and not something where the government can order it to be reduced. There ARE problems with health insurance that drive up costs–from government mandating certain things being included in policies to the government’s refusal to prosecute the large insurers for antitrust violations or refusal to enforce contract law. Right now having insurance is NO guarantee you’ll be covered. When 75% of the people who declare bankruptcy over medical bills ARE INSURED, then insurance is CLEARLY not the answer. “Aldrich’s situation is “asinine” but increasingly common, said Dr. Deborah Thorne of Ohio University. Thorne, co-author of a widely quoted 2005 study that found medical bills contributed to nearly half of the 1.5 million personal bankruptcies filed in the U.S. each year, said that ratio has likely worsened since the data was gathered. … Like Aldrich, Thorne said, three-quarters of the individuals in the study who declared bankruptcy because of health
