skip to Main Content

Bills Introduced To Expand Access To Health Care and Cut Costs In Tennessee And North Carolina

Health Insurance QuotesTennessee House Republicans recently introduced a bill labeled “The Care Plan.” This proposed legislation is intended to lower the price of health care primarily through price transparency and free market competition of healthcare providers. This, in my opinion would be a good thing. Everyone wants their insurance premium to go down, but the cost of health care drives the cost of premiums, not the other way around. So an overall reduction in medical costs should result in lower overall monthly insurance bills, at least theoretically, right?

 

You wouldn’t order from a restaurant menu with no prices, would you?

I applaud these efforts but warn that this is the beginning of a long and tough fight. Health care providers, I believe, like the secrecy they now enjoy in pricing to result in higher profits. Why compete on price if you don’t have to? So expect the medical profession to fight this effort. Also most Americans are programmed to not inquire about pricing from their doctor and then haggle over whether the price is fair. Think about it –  medical care is the only service or product we pay for in this country where we have no idea of the cost on the front end. You wouldn’t order from a restaurant menu with no prices, would you?

The most important step in lowering healthcare costs is open pricing and competition, but it won’t be as simple as passing one bill. The latest proposal by the Tennessee House Republicans is a good first step.  I only hope they keep up the effort and momentum spreads nationwide.

 


We do the all the work.  You decide.
Get quotes on your
Small Group Health Insurance Premiums right now

or
Call us at 615-376-8899

Read these too!

surplusletter

Do you get letters like this from your Group Health Insurance Carrier?

If you aren’t getting letters where your insurance company is letting you know of a $9004 refund, or some other amount coming your way, every…

read more

How To Start A Group Health Plan For Your Employees In Tennessee

I’ve talked to many small employers in TN who want to offer health insurance coverage for their employees, but sometimes they really don’t know what’s…

read more

Small Group Health Insurance in Tennessee

Small Group Health Insurance in Tennessee Are you an employer in Tennessee that offers group health insurance to your employees? Do you have somewhere between…

read more

Short Term Health Plans Have Never Been Better, Or Less Short

If you don’t have access to an employer group plan, then you have 4 options for health insurance coverage. Healthcare.gov, either on or off the…

read more
Back To Top