Trumps health care plan is a joke‼️
Here is what the Trump website says about health care reform. It parrots the free market, conservative approach and it is just silly and displays an obvious lack of understanding about health care and the people who use it.
The problem of health care costs has nothing to do with competition among insurance companies. Remember, virtually all large employers covering some 70 million Americans don’t even use insurance to provide health benefits, have taken the lead on managing health care spending and yet still face the ongoing challenge of rising health care costs. In addition, if competition is the answer, why don’t competing companies within a state “lower insurance costs and increase consumer satisfaction?”
More competition among health care providers is what we need.
Expanding the tax-free nature of insurance premiums seems counterproductive. Trump fails to mention the tax-free employer contributions made on behalf of every working American with health benefits. Rather than expanding tax-free premiums, we should be limiting what currently exists.
HSAs are already tax-free and are allowed to accumulate. Sure, they are attractive to young, healthy people who have minimal expenses, but what about everyone else? How will average Americans with real expenses afford to put money in an HSA?
Price transparency? I may buy frozen shrimp and chocolate covered fruit at COSTCO, but somehow getting the best price for my health care comes second to getting the right health care, the right amount of health care, at the right time, in the right setting and with the best possible outcome.
The fact is there is nothing new or creative or workable in the Trump health care agenda.
- Modify existing law that inhibits the sale of health insurance across state lines. As long as the plan purchased complies with state requirements, any vendor ought to be able to offer insurance in any state. By allowing full competition in this market, insurance costs will go down and consumer satisfaction will go up.
- Allow individuals to fully deduct health insurance premium payments from their tax returns under the current tax system. Businesses are allowed to take these deductions so why wouldn’t Congress allow individuals the same exemptions? As we allow the free market to provide insurance coverage opportunities to companies and individuals, we must also make sure that no one slips through the cracks simply because they cannot afford insurance. We must review basic options for Medicaid and work with states to ensure that those who want healthcare coverage can have it.
- Allow individuals to use Health Savings Accounts (HSAs). Contributions into HSAs should be tax-free and should be allowed to accumulate. These accounts would become part of the estate of the individual and could be passed on to heirs without fear of any death penalty. These plans should be particularly attractive to young people who are healthy and can afford high-deductible insurance plans. These funds can be used by any member of a family without penalty. The flexibility and security provided by HSAs will be of great benefit to all who participate.
- Require price transparency from all healthcare providers, especially doctors and healthcare organizations like clinics and hospitals. Individuals should be able to shop to find the best prices for procedures, exams or any other medical-related procedure.