"The Affordable Care Act creates no incentive for insurance companies to reduce prices, only their margins. Why not instead create a public service that forces health care providers to lock in a price?
If health care providers were not allowed to manufacture a starting price as part of negotiation, everyone could shop for the service that suits them. Insurance would still be helpful, just like it is for normally good drivers. The masses pay into a system in case they might need it, and those with the misfortune of needing help are funded.
Medical institutions and doctors can set realistic prices, the ones that insurance companies are already negotiating. The transparency would make billing simpler and more efficient. There could be some rating system, but I doubt that belongs in a government system. But any technology company will have access to prices and could amend with ratings.
Thoughts?"