Is "Obamacare" really the best idea? Thoughts on my idea?

[Vincardog]

1. Health insurance as we now use it is a "wage" in leu of money. Employers are concerned about the

cost. As they are concerned about all costs. People are not over using the medical system in fact most people do not have enough access to health CARE.
You are correct that competition is the answer to lowering our health care costs.

Allowing insurance companies to sell across state lines would allow them to incorporate in the least regulated state and then compete on price against companies that are required to provide more services (Not a level playing field).
The result would be a race to the bottom for the least expensive policy providing the poorest coverage.

The competition should be between a universal coverage non-profit (Medicare part E for everybody) and everybody else.

The fact hat private insurance companies could not charge a 30% premium and stay in business is the reason that any solution by necessity would eliminate the parasitic insurance companies.

The main problem with "ObamaCare" as you put it is that it started with the premise that the insurance companies were a necessary part of the answer. By including the parasitic companies in the answer it is going in the wrong direction. By eliminating exclusions for pre-existing conditions and requiring a certain percent of income to actually go to patient care is is heading in the correct direction.