Re:42 percent of new cancer patients lose their life savings
by tracker1 on Friday October 19, 2018 @05:51PM
(#18260341)
Making insurance carriers legally required to act as a fiduciary to the person holding insurance benefits would be a good start.
States requiring medical services to bundle billing through a state agency (one place to pay) would be another. Although this would in practice mean a bigger government, I think a majority of people would agree to it. Likewise apportionment of payments would go to approved and priority based on service date.
Of course the next step would be to limit exposure to credit to a "single" entry for all medical related bills, and limit the total payroll deductions allowed for medical bills to a total of 10% of one's gross income (deduction pre-tax).
This would take a lot of work inside individual states and at the federal level.
States requiring medical services to bundle billing through a state agency (one place to pay) would be another. Although this would in practice mean a bigger government, I think a majority of people would agree to it. Likewise apportionment of payments would go to approved and priority based on service date.
Of course the next step would be to limit exposure to credit to a "single" entry for all medical related bills, and limit the total payroll deductions allowed for medical bills to a total of 10% of one's gross income (deduction pre-tax).
This would take a lot of work inside individual states and at the federal level.