Info

Year

Sources: Department of Health and Human Services (Health Care Financing Administration) and Employee Benefits Research Institute.

Clearly, no plan for health-care reform is without its pluses and minuses, costs and benefits. Although managed competition would encourage rivalry among health insurers providing a basic benefit package, the government would become responsible for defining the benefits that most Americans would receive. On the other hand, play-or-pay proposals would improve access to insurance by mandating employer coverage, but they do not address the problem of rising medical costs and may cause firms to lay off low-wage workers. National health insurance proposals would provide insurance for all Americans but could lead to a cost explosion. Reforms that give consumers, insurers, and providers appropriate incentives are likely to be most effective in controlling costs, improving access, and giving consumers the quality of health care that they want.

Was this article helpful?

0 0
Your Retirement Planning Guide

Your Retirement Planning Guide

Don't Blame Us If You End Up Enjoying Your Retired Life Like None Of Your Other Retired Friends. Already Freaked-Out About Your Retirement? Not Having Any Idea As To How You Should Be Planning For It? Started To Doubt If Your Later Years Would Really Be As Golden As They Promised? Fret Not Right Guidance Is Just Around The Corner.

Get My Free Ebook


Post a comment