Thursday, September 5, 2019

he U.S. can slash health-care costs 75% with 2 fundamental changes

The U.S. can slash health-care costs 75% with 2 fundamental changes — and without ‘Medicare for All’ Fund the HSA deductible, as Indiana and Whole Foods do, and put real prices on everything. BySEAN MASAKI FLYNN: Sept 2, 2019
Excerpt: As the Democratic presidential candidates argue about “Medicare for All” versus a “public option,” two simple policy changes could slash U.S. health-care costs by 75% while increasing access and improving the quality of care. These policies have been proven to work by ingenious companies like Whole Foods and innovative governments like the state of Indiana and Singapore. If they were rolled out nationally, the United States would save $2.4 trillion per year across individuals, businesses, and the government. (It is always true that anything that you receive for free means either there are strings attached or that the costs you don't pay are borne by everyone and then no one really knows what the costs are. I don't know if this is the panacea the article implies, but I have heard that Singapore is indeed a model in this respect and that Mitch Daniels has been correct on most budgetary questions in his pubic career. Yours truly, Larry Greenberg)

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