Tag: health savings accounts

More Good News for Health Reform: HSAs Continue to Grow »

One of Donald Trump’s campaign promises was to make Health Savings Accounts more widely used. The purpose of HSAs is to give patients greater control over health spending and to reduce the share of spending controlled by insurers. Unfortunately, the 2003 law that established HSAs requires they be linked with a highly regulated type...
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Why Aren’t Consumer-Driven Health Plans More Popular? »

In a recent post I discussed new evidence that so-called consumer-driven health plans (CDHPs) reduce health spending one-eighth among employer-sponsored group plans run by national health insurance companies. CHDPs are defined as High-Deductible Health Plans coupled with Health Savings Accounts (or Health Reimbursement Arrangements). These plans became available in 2005. However, they appear to...
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Consumer-Driven Health Plans Reduce Health Spending One-Eighth »

The Health Care Cost Institute has released its analysis of claims data for the years 2010 through 2014, comparing consumer-driven health plans (CDHPs, which HCCI defines as High-Deductible Health Plans coupled with Health Savings Accounts or Health Reimbursement Arrangements). HCCI examines a database of claims submitted by Aetna, Humana, Kaiser Permanente, and UnitedHealthcare for...
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Medisave Accounts in Singapore »

In 1984, Richard Rahn and I wrote an editorial in the Wall Street Journal in which we proposed a savings account for health care. We called it a Medical IRA. That same year, Singapore instituted a related idea: a system of compulsory Medisave accounts. Through the years, my colleagues and I at the National...
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HSAs Force Health Providers to Compete »

Megan Johnson, a self-employed single mother in Dallas, had severe pains in her side and back, just below the ribs. Her doctor said it was possibly kidney stones, but a CT scan would be necessary to confirm the diagnosis. Megan’s doctor gave her the name of an outpatient radiology department near her home. A...
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The Benefits of Ideal Health Insurance »

Three features of ideal health insurance would make it especially superior to the health insurance arrangements that prevail today, as I outline in my recent book, Priceless: Curing the Healthcare Crisis. Ideal Health Insurance Is Patient Centered A large portion of our healthcare dollars would be placed in accounts that we individually own and control....
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A Simple Way to Control Healthcare Spending »

As I wrote in my recent book, Priceless: Curing the Healthcare Crisis, there is something rather simple the federal government could do that would have enormous impact in controlling healthcare costs: Allow deposits to FSAs to roll over at year end and grow tax-free.[1] Here’s the backstory. Like HSAs and HRAs, Flexible Spending Accounts...
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How Much Do You Trust the Government? Politics, Patients, and Perverse Incentives »

Just as noneconomists think wages can be set at any level, some people think that any public policy is possible. If wages are judged to be too low, the noneconomist thinks that’s because the business owner is hardhearted. If a public policy is judged insufficiently generous, the person unfamiliar with public choice thinks that...
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Groundbreaking New Book: Priceless: Curing the Healthcare Crisis, by John C. Goodman »

We are very pleased to announce the publication of our very timely, widely acclaimed, and compelling, new book on how to get beyond partisanship and special-interest politics to resolve one of biggest issues facing us today, Priceless: Curing the Healthcare Crisis by our Research Fellow John C. Goodman. Dr. Goodman is the renowned, free-market,...
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Why Does Health Insurance Cost So Much? »

In direct contrast to Barack Obama’s nationally televised talk on his government-mandated health care plan, here is John Stossel’s recent, very incisive, special segment on ABC-TV’s 20/20, “Health Care Mystery: What’ll That Cost?”, in which he examines government-created third-party payers and asks why it is so hard to find out what health care actually...
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  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org