Insurance companies should be allowed to offer any coverage it thinks it can sell. If consumers want to buy policies that allow for “pre-existing conditions”, insurance companies should be able to offer that. The premium for including this coverage should be reflected in the premium cost.
Government should authorize health insurance to be sold across state lines and should require medical providers to provide consumers with cost estimates for treatment and insurance companies should provide coverage option costs, so consumers can chose what coverages they want to buy.
Corporations should be allowed to set up their own medical insurance trusts and all other laws restricting healthcare insurance should be repealed. That would restore healthcare to the free market for all but Medicare, Medicaid and Veterans.
Most consumers will want catastrophic “stop-loss” coverage. This would cover medically necessary procedures to rescue and repair that hit some attachment point with the insurer paying 100% of the costs over that attachment point. These attachment points could be $10.000 to $100,000.
Consumers should ask for cost-saving limits like a $1 million lifetime cap on their health insurance policy to get a lower premium.
Many consumers will want to contribute to “medical savings accounts” to invest their medical expanse dollars and own these accounts.
Many consumers will want to purchase high deductible, catastrophic insurance to get a lower premium.
Many healthy lower income consumers who do not own homes will not want to purchase any health insurance, unless their employer plan is very affordable.
Norb Leahy, Dunwoody GA Tea Party Leader