I believe the discussion of the “fix” for Healthcare as who has insurance and who doesn’t is wrong. Same with co-insurance or no co-insurance.
The fundamentals is that as a society we are getting older and sicker. Insurance fundamentally is about cost and risk sharing. The young are paying into a system that is mostly used by the old. That is unsustainable. In a private market, we are seeing doctors refusing to join certain insurance plans. And some insurance plans dropping certain coverages or pulling out of some markets.
I believe the fundamental fix for an aging sicker society is more healthcare and more affordable healthcare. Train more doctors, nurses, pharmacists and other healthcare providers. We need to increase supply to catch up with demand.
The fundamentals is that as a society we are getting older and sicker. Insurance fundamentally is about cost and risk sharing. The young are paying into a system that is mostly used by the old. That is unsustainable. In a private market, we are seeing doctors refusing to join certain insurance plans. And some insurance plans dropping certain coverages or pulling out of some markets.
I believe the fundamental fix for an aging sicker society is more healthcare and more affordable healthcare. Train more doctors, nurses, pharmacists and other healthcare providers. We need to increase supply to catch up with demand.