What to Do If and When Obamacare Collapses | Cato Institute

What to Do If and When Obamacare Collapses | Cato Institute: "The most effective plan for most people to cover health care costs probably would include the following elements:

(A) A major medical insurance policy for catastrophic expenses

(B) A high deductible to minimize insurance premiums

(C) A tax-advantaged health savings account built up with regular contributions to cover medical expenses below the deductible

(D) A guaranteed-renewable (sometimes referred to as non-cancellable) feature that means the insurer will continue covering a policyholder regardless of medical conditions, as long as premiums are paid on time

(E) A health-status feature to protect against the risk that future premiums might rise significantly if a policyholder develops medical conditions involving higher medical expenses

(F) All insurance policies should be owned by the insured, not their employers or anyone else. This means wherever one might move, the insurance policies will follow. Similarly, divorce won’t result in the loss of health insurance.

(G) Each health insurance owner should receive a standard deduction for health insurance premiums on his or her federal income tax return."