Could ObamaCare Be a Boon for Health Savings Accounts?
Based on data available for about 85 percent of exchange plans, about 77 percent have deductibles of more than $1,250 and qualify under Internal Revenue Service rules for a health savings account. For a 27-year-old purchasing coverage, the median HSA-eligible plan costs about $238 a month and typically comes with a deductible of about $3,600. The median plan without a high deductible, however, costs almost 30 percent more ($310) for a 27-year-old, though it has a significantly lower deductible (about $600). (More)
That is fortunate that young people have an option to alleviate some of the burden, although this is only a mitigating factor, they are certainly worse off.
All of our programs are designed to take wealth away from them and give it to the elderly, who are as a class much wealthier.
The linked article is very interesting. I agree that Republicans can hijack ObamaCare, making it a vehicle for some consumer driven health care, but there is a limit. With the ObamaCare structure in place, there are only marginal gains to be made. Minimum essential benefits and the expansion of Medicaid will keep costs high (private and public).
Hopefully those marginal gains are enough for people to realize what real changes are necessary to fix the system.
It will only spur people into wanting universal, Canadian-like health insurance.
You may be right, although Medicaid for the poorest may end up being the worst of all. Since this is most similar to universal coverage, people might not be so enamored with it.
Unfortunately, if HSAs are a success, they will be ascribed to Obama.
Well, we all know the real author of them is Dr. Goodman.
We need to repeal.
Good luck with that. It’s been tried before.
There would have to be a “perfect storm” kindof thing, much like what happened with prohibition.
ObamaCare will be a disaster, unfortunately, the government’s ability to print money will obfuscate much of that truth, pushing the effects out into the general economy.
… and like always people will be fooled.
Only because they want to be. Just like Winston Smith in 1984, they preach wanting freedom but very clearly only want to be in the Inner Party.
Until the economy can’t bear it anymore.
I hope this prediction turns out to be accurate.
It would certainly be good for the system.