Single Payer not necessary to fix Health Care
The HSA Revolution That’s Already Here
The new book America’s Health Care Crisis Solved has been praised as providing a detailed, free-market solution for healthcare’s future. This it does, but what’s almost as fascinating about the book is its description of what is going on in the present, with consumer-driven health savings accounts (HSAs). Almost without notice, HSAs have grown dramatically and have solved for millions of Americans the problem of healthcare’s lack of portability.
Also note that every dime invested in HSAs’ savings features cuts dollars off of tomorrow’s “unfunded” Medicare promises. If the left and right got out of their counterproductive “Matrix” of Democrat/Republican nonsense, we could solve this health care issue quickly.
April 1st, 2009 at 5:05 pm
Today, over 85 per cent of personal healthcare spending is paid for either by authorities or by private health insurance. My father’s care was driven by Medicare reimbursement rules, not by his interests. In order for market incentives to work, consumers must be responsible for more of their own medical bills, through much higher co-payments and deductibles than they currently face.