In Reply to: Owebamacare vs. RINOcare - not much difference posted by Ed Gooding (VA) on March 13, 2017 at 08:08:23:
This is NOT Healthcare Reform. This is HEALTH INSURANCE REFORM.
This is all a case of insurance companies taking over the industry. The profit margins that the big insurance companies pull out are insane. The only way to really cure this mess is to dump the insurance companies; which will never happen because they own everything including the banks.
These plans are NOT HEALTHCARE PLANS. THEY ARE HEALTH INSURANCE SUBSIDY PLANS!!!
We have come to the point where the insurance companies demand such a huge profit margin that the average Joe who makes 60K a year can no longer afford the HEALTH INSURANCE PREMIUMS. The real crime here is that the Medical Care Providers are being beat up by the insurance companies so badly that they have to charge that average Joe 5 times more then they charge off to the big insurance providers.
We would all save billions of dollars a year if we all just paid the federal government $500 per month for life, and then let the government pay the bill if we get sick. The 50 billion a year in insurance company profits would be saved.
An even simpler plan would be to simply give us a Healthcare Loan Guarantee. I call it the HUG plan. Healthcare Under-righter Government. Just require us all to make our own Healthcare Savings Plan based on our age. At 20 we pay in $200 per month 30 $300 per month, 40 $400, and so on; into our own Savings account. THEN simply have the Government give is a loan Guarantee if we get sick and use up our Healthcare Savings.
That way if we get sick we do not go bankrupt.
Look at the math. A healthy person saves up $24,000 first 10 years, 36,000 the next 10 years, $48,000 the next 10 years. So by the time you are 50 you have saved up $108,000 plus interest over 30 years which would double that amount at 4%.
Now if You get sick and have to spend more then $200,000 that you saved up then the Government simply guarantees you a loan. So if you have to spend $250,000 now you owe the Government $50,000 to be paid off at $500 per month. We all still make out way ahead of what we have now...