13 Aug '09 17:58>
Originally posted by MelanerpesSounds good to me.
In other words - we would be expanding Medicaid so that it covered everyone -- but once your income is above a certain level, you would have to pay a premium equal to what's on the private market.
A big advantage is that people would understand how this worked, and we wouldn't need to have a whole bunch of new rules and mechanisms that the average person can't make sense out of.
It would also improve private insurance by adding some competition to the market in the form of Medicaid. The private insurance companies know that if they screw over their clients, they'll simply go to Medicaid instead. Everyone wins.
Incidentally, I proposed this a couple of months ago on this thread.
http://www.redhotpawn.com/board/showthread.php?threadid=115906
3) I would expand Medicare and/or Medicaid to optionally cover all Americans, except that the premiums would be based on a scale that changes based on income and available resources. For the highest income/ resource bracket, the Medicare premiums should be approximately the same as current HMO rates. I would allow people to keep their private insurance to the extent that they want to.