Top 8 Ways to Cut Healthcare Costs for Families

In the past 10 years, Healthcare premiums have almost doubled to about $18,000/yr for the average family (>20% of income). This is more than double the average industrialized country. Below are some suggestions to improve quality/costs;

  1. Simplify/standardize electronic medical records
  2. Consolidate medicare, medicaid, VA, ACA, state insurers to simply, standardize & reduce overhead
  3. Develop one standard group policy for small business and self-employed (5-10% of population) which covers basic hospital, primary care and generic meds
  4. Promote price transparency to allow consumers to shop around
  5. Promote eHealth and telehealth options to reduce cost/improve service
  6. Medical Tort reform
  7. Reduce regulations to speed drug approval process
  8. Better monitor Healthcare providers for fraud/abuse

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