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March 9, 2017, 7:03 a.m. EST

Mark Cuban’s Obamacare fix: Only cover all chronic or life-threatening conditions

Cover only that, leave the rest to the free market, says billionaire

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By Victor Reklaitis, MarketWatch

Getty Images
Mark Cuban gives the thumbs-up before the start of a Hillary Clinton campaign rally in 2016.

Mark Cuban has fired a salvo in the battle over the U.S. health-care system, as Republican-controlled Washington works on repealing and replacing Obamacare.

The outspoken billionaire has suggested taxpayers cover all chronic physical or mental illnesses and all life-threatening injuries — and then leave everything else to the free market.

Cuban wrote the following in a post on his blog:

‘Whether it’s Medicaid or a new program, every single person in this country should be covered 100% for chronic physical or mental illness and for any life-threatening injury.’

Mark Cuban

“Everything not covered by the above can be covered by insurance sold on the free market, managed by the states, sold across state lines, without government interference,” he added.

Cuban, who owns the NBA’s Dallas Mavericks, said he’s not an expert on health-care policy, but “there is no downside to generating discussion on alternatives.”

Read: Here are the taxes the Republicans’ health bill would throw out — and keep

And see: Trump, Mark Cuban spar on Twitter; preview of 2020 presidential race?

He said his approach would bring peace of mind to every family and make our country stronger, while also not reducing innovation in the health-care industry /zigman2/quotes/205918244/composite XLV -0.33%  .

Go here to read his full post.

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Victor Reklaitis is a London-based markets writer for MarketWatch. Follow him on Twitter @VicRek.

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