Monday, February 29, 2016

One of the wackiest ideas for soaring prescription costs I’ve ever heard

Taking out a mortgage to buy your next dose of meds? That’s what two professors offer as a solution to our country’s health care crisis.

I’m all for a market-based solution to soaring med costs. But this has to be one of the wackiest ideas I’ve ever heard.

The way I see it, Wall Street banks, like JP Morgan Chase and Goldman Sachs, would bundle HCLs as they did with mortgages for sale to investors. Then when the loans blow up because a higher than expected number of patients die, aren’t cured, or can no longer make their payments, taxpayers would get stuck with the bill.

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