How are we supposed to fix such a broken healthcare system? As CNN Money.com puts it, "Lawmakers are still far from consensus on how to fix the health care system." There are currently two bills that propose the following:
- a national insurance exchange on which insurers would compete for consumers' business;
- a public health plan that would compete with private insurers on that exchange;
- and subsidies for financially strapped Americans eligible to buy health insurance on the exchange.
Perhaps the bigger question is this: What happens if healthcare providers stop accepting government-sponsored health plans such as Medicaid? (this is already happening all over the country). If provider reimbursement is low, then providers are more likely to stop accepting certain forms of coverage. Will this happen to Medicare if reimbursement rates continue to drop? I'm afraid it will.