Finding Clarity in the Health Care Debate

Michael Tanner at Cato with a good article that gets at the root of a lot of the health care issue. Take a look at this link:

Link: The Case for High-Deductible Health Insurance

There is a fundamental lack of understanding of the concept of insurance. Insurance is meant to cover infrequent and unexpected occurrences and insulate the buyer from catastrophic events. Contrary to popular belief, insurance does not mean that all of your services are included, nor does it mean that someone else pays for your services.

Reform that tries to make insurance some type of all-inclusive concept that is paid for by other people obscures the issue. As Tanner points out, that leads to overconsumption of resources and add to rising costs. And it should be obvious that adding more people to this kind of system isn't going to make things any better.

It has been proven time and time again, that best decisions are made when individuals have responsibility to choose their own services and pay out of their own pocket for the services they consume. Any solutions to problems that ignore this will likely make the situation worse.