Health 101: How We Lowered Our Costs
Great read on how to actually lower the cost of medical care for a family of five. I would take it one step further and say that is should be paired with a Health IRA, which people put pre-tax money into each year and it grows as they grow older to take care of the greater expenses later in life. Just having major medical would drop costs for everyone because doctors would not have to hire whole staffs just to deal with insurance paperwork. Insurance companies could benefit because they wouldn't need to keep refusing billings for routine tests because of coding errors because those would be paid in cash. The only downside I can see to this is increased unemployment as doctors, hospitals, pharmacies, and insurance companies downsize because of lack of paperwork. Then again just like government the health care industry is solely paid for by the consumer/tax payer, so maybe it is a good thing to shrink it down.