I wonder how much is being spent over a ten year period (a decade) for private health insurance by American corporations and individuals? It might be much larger number than most people think. And lets not forget the cost to the country in terms of work missed, and other costs associated with what happens when medical conditions go untreated.
#3 | POSTED BY OCUSER AT 2019-10-17 12:37 PM | FLAG: Difference will be that all those who receive a paycheck will have substantially more deducted for FICA/SS and will have not recourse whereas many now can decide what amount/cost of coverage they want. No freedom of choice. btw you will also find out that Medicare also has a denial of services rate.
Claim denials and Delayed Payments Cost Hospitals Billions thessigroup.com
Excerpt: Fee-for-service Medicaid is the most challenging type of insurer to bill, with a claim denial rate that is 17.8 percentage points higher than that for fee-for-service Medicare.
The denial rate for Medicaid managed care was 6 percentage points higher than that for fee-for-service Medicare, while the rate for private insurance appeared similar to that of Medicare Advantage.
Remember, if this went into affect your only choice will be go out of country [if you have the money] when service denied.