I’ve always liked John Stossel’s common sense approach to issues. His recent report on health care, which aired last month, is a fresh take on the national debate.
Here is what I found to be the most interesting:
- The less people pay for health care, the more the cost of health care increases.
- The cost of Lasik, a service not generally covered by insurance, has actually decreased by about 30%.
Why? If we have to pay for something out of our own pockets, we tend to shop around, promoting competition and lower costs. If our insurance company pays for a particular service, we tend not to know or care how much it costs.
So why are certain politicians demanding an ever increasing burden upon the insurance companies? That won’t lower the cost of health care in this country. Let us instead scale back the role that insurance companies play in the health care industry.
My brother pointed out how ridiculous health insurance has become by comparing it to home owner’s insurance. Does your home insurance pay for a stain or a snag in the carpet, or do you take care of that yourself? Home owner’s insurance is designed to cover catostophic damage, and so it should be with health insurance. As John Stossels asks the insurance industry rep, “Do we really need “protection” for a physical?” I think not.