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One possible solution to respond to the problems would be a proposal by The Hamilton Project. The Hamilton Project details sound solutions for evolving beyond traditional employer sponsored health insurance. The main tenants of their proposal include:

A. State established ?insurance exchanges?
B. Shift employers traditional role as sponsor to facilitator of coverage
C. Reform of the tax laws to more fairly handle the needs of our needy

A. A state insurance exchange can be thought of as a stock exchange on Wall Street. Although the insurance exchange would not exist to make money Cheap Russell Shepard Jersey , it would serve to bring together the major players in health care; insurance companies, regulators, and consumers. A series of state determined minimums could be established as the ground rules and those insurance carriers wanting participation can sign on to compete with their various products. Care must be taken not to create any new regulation, enlarging the already oversized bureaucracy and costs. A simple mandate that ERISA approved health plans would also meet exchange minimums should be enough.

B. Instead of employers, small to medium sized businesses in particular, sponsoring health insurance plans with their typically small risk pools and high premiums; they could act as facilitators as their employees gain access to their respective state health exchanges. The employee and his or her family may now have access to a wide array of health plan options which would be more likely to fit their unique health care needs. A younger couple may elect a high deductible cheaper policy while a single woman in her early 60?s may require a low deductible plan.

As facilitators, the employer would deduct the required premiums from their employee?s paychecks and transfer that to the health exchange, which in turn Cheap Michael Palardy Jersey , would pay the respective insurance company direct. Employers are used to this role already when it comes to deducting taxes and other benefit elections for employees such as 401K contributions or health savings accounts.