America
spends 19% of GNP on healthcare. That is twice as much as any other
country in the world. After spending this ridiculous amount of money, our
health, as measured by infant mortality and life expectancy, is no better than
other first world countries. That also
means that American products are 19% more expensive than they might be, just to
pay the workers health care. Here is my list of things we ought to do
about the health care cost crisis.
1. Allow duty free import of drugs from any reasonable first world country, like Canada, the EU, and Japan. Many US rip off priced drugs can be bought overseas for half their US prices.
1. Allow duty free import of drugs from any reasonable first world country, like Canada, the EU, and Japan. Many US rip off priced drugs can be bought overseas for half their US prices.
2. Allow competition
in the health insurance business. NH
could pass a law saying that any American health insurance company, licensed in
any state of the union, can sell health insurance in New
Hampshire, no more paper work required.
3. Clamp down on the malpractice racket.
We could pass a law stating that prescription, manufacture, and administration
of any FDA approved drug or device is never malpractice, even if the FDA later
withdraws their approval.
4. Stop prescribing so many opioids. The Wall St
Journal says that 80% of Medicaid patients in West
Virginia and Kentucky
are getting prescriptions for pricey opioids. Which gets the patients hooked
on heroin when the opioid prescription runs out. This is a mixed issue, part
federal, part state, part medical profession.
5. Bring back “hospitalization only” policies. Back before Obamacare forbade them, you could
buy a regular, covers everything family plan for $12,000 a year. Or you could buy a $3000 a year
hospitalization only policy that only covered things bad enough and expensive
enough to put you in the hospital. With
the $9000 a year saving, you can pay for a lot of yearly physicals and
childhood earaches. For ordinary people,
with a little money in the checking account, hospitalization only is a good
deal.