Great op-ed by Zach Krajacic in the Christian Science Monitor yesterday:
Imagine how much automobile insurance would cost if it paid for all expenses associated with owning an automobile – oil changes, engine failures, worn-out tires, brakes, rust, and so on. The number of people who couldn’t afford car insurance would rise dramatically, and we would have a car insurance crisis in America.
That is the situation with healthcare. As health plans increasingly pay for almost every service or procedure, ameliorate our every discomfort, and succumb to every cultural whim and fad, the price of insurance continues to rise.
Health plans are paying for every imaginable benefit – while automobile insurers are not – because of both consumer demand and state mandates.