A DIFFERENT KIND OF DEFENSE OF "THE PUBLIC PLAN"
The kind of insurance worth buying is catastrophic insurance. That is what the private market should migrate toward providing.
The kind of insurance worth having is catastrophic insurance. That is what the private market should migrate toward providing.
Those formulating legislation, now, should see that as a possible vision of the restructuring of how health care is financed in America.In the long run, you get your primary care, basic health and dental, from a government or govt-private partnership, unless you are wealthy enough to have super-pamper private access to something else.
American employers, eventually focus on providing salutary preventive care benefits and, possibly, catastrophic coverage, of both pre and post-retirement varieties.
In this way, the vexing problem of how much money is available for heroic treatments is not fully dealt with, until such time as the nation can afford to do so.
One could think of a phasing in and out period for this of seven years, just to pick a number. The government could help a catastrophic insurance market get started in that period, perhaps by underwriting residual risks or using creative ways to bring liquidity to the bonds that would...
