Rand Paul spoke recently in Corbin about introducing more capitalism into our health care system in order to lower costs.
From the Corbin Times Tribune:
“We need to make health insurance more like term life insurance,” Paul said. “A term life insurance policy is 20 years. If I have a heart attack… and I survive, my health insurance can triple or they can drop me because I have a one-year plan. My term life insurance won’t change.”
He also suggested that a system of health insurance plans with lower insurance premiums, but greater out-of-pocket expenses for doctor’s visits, would increase competition among doctor’s offices and lead to lower medical costs.
“If you had to pay for every doctor visit and had, like a $2,000 deductible, what would happen is there would be a marketplace, and you’d ask the doctor’s price,” he said. “…There are two things I do in my practice that people pay cash for, contact lenses and Lasik surgery. Every year for 15 years, the price has been trending down.”
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