A return to free-market principles also makes sense for the purchase of health care insurance. Allowing people to buy insurance across state lines and keep insurance when they change jobs would also lead to a decrease in premiums and deductibles which would increase the number of people buying the health insurance. Couple the increase in people with third party payers along with requirements placed on the health care providers, the foundation has been set to decrease payments for health care itself. Even with the return of free-market principles in the health insurance market, there will still be some patients, not covered by Medicare and Medicaid, who will still not buy insurance. Since health care costs are now responsible for about 17.8 percent of the Gross Domestic Product (GDP), the goal of decreasing costs makes sense.
OPINION: Colorado cannot afford the 2018 Health Insurance Tax
The Health Insurance Tax (HIT) is a brutal tax on health care that continues to cripple small and independent businesses throughout our state. Colorado cannot afford the Health Insurance Tax for 2018. At the end of the month, however, our representatives in Congress do have the option to make progress on lowering health care costs by voting to delay the Health Insurance Tax for 2018. Meanwhile, Coloradans are facing the realities of rapidly rising health care costs with little relief in sight. Jeff Wasden is president and CEO of Colorado Business Roundtable, a Denver-based nonprofit advocating for pro-business legislation.collected by :Lucy William
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