Going Cold Turkey

It is of my opinion that one of the reasons, of which there are many, that health insurance is so expensive is because insurance companies are forced to include so many benefits in their policies. The insurance company has no option but to comply, or be forced out of business by our government regulators. The consumer has fewer choices, and the options they do have are more expensive because the insurance companies costs are that much higher because of forced coverages.

Consumers should be able to pick and choose what coverages they want included in their insurance plans; this would help bring prices down, and consumers could tailor their coverages to what they need.

Paul Jacob agrees:

“In every state of the union, medical insurance is regulated. In some, it’s heavily, heavily regulated. Oregon legislators, for instance, just added a few new mandatory benefits to all health insurance policies: contraceptives, prosthetics and orthotics, and treatments for injuries caused by intoxication... Do you really wonder why health insurance costs so much? I don’t. The American health care system is addicted to regulation. Our legislators are the pushers. We need to go cold turkey.”