HSAs (Health Savings Accounts) are an extremely good idea, for they place responsibility for an individual's health in that individual's hand.
The money that is placed in the HSA stays there and can only be used for the legitimate medical purpose. It can accumulate over a lifetime, and you should be able to transfer your entire account at the time of death.
ObamaCare is supposedly the panacea to cure rapidly rising healthcare costs and lack of access for millions of uninsured Americans. It's continuing to prove just the opposite, with healthcare costs rising, in many cases quite dramatically. This has forced several businesses to reconsider whether they will offer healthcare coverage or accept the penalty, which in many cases is less expensive than offering the healthcare coverage. The other solution that many businesses are adopting is cutting workers to under 30 hours per week, which is the trigger for requiring healthcare coverage. In the long run, this means that people will have less access, and for those who do, the cost will be increased. Yet millions of people will listen to the mainstream media and the administration and continue to conclude that they have hit the healthcare lottery. This is a prime example of what happens when partisan politics and biased media are allowed to run rampant.
Last Sunday’s New York Times reported that many health insurers
have begun declaring war against their customers by aggressively jacking
up premiums. In another scandal, pseudo-libertarian Whole Foods CEO
John Mackey, who seems to think he is Ron Paul-Lite, called President
Obama’s healthcare law “fascism.” Mackey then retracted the “f” word
when talk of consumer boycotts against Whole Foods greeted his charge.
In the best news, Reps. Jan Schakowsky (D-Ill.) and Henry Waxman
(D-Calif.) joined 43 other House members with a renewed push for the
public option that is supported by a significant majority of voters.
Sometimes, looking at the political discourse in this country, I wonder if we really understand the ramp-up effect of increasing government programs and power over time; unlike in business, unlike in nature, unlike in, well, real life, failure is not punished, but at best ignored, at worst rewarded. Once a program is in place, it is almost never repealed, even when Republicans obtain political power, because voters become dependent on it.
ObamaCare is the official the law of the land. We will now begin the process of unmasking many of the costs hidden deeply within this massive bill.
A decade from now there will be significant buyer’s remorse. The cost will affect not only consumers, but the healthcare providers as well.
There is no such thing as a free lunch, and that, without a doubt, includes healthcare. Either the quality of care must decrease significantly for the masses or the availability of care must decrease drastically.
The implementation of ObamaCare assumed that the states would do the work of setting up individual state exchanges to provide a clearinghouse of health insurance information for the public, and provide the mechanism that triggered enforcement of the law against those employers who were accused of violations.
There are just 33 problems. That’s the number of states that have chosen to either not implement a state exchange at all or engage in a hybrid system that leaves many of the problems up to the federal government, as is the case with Illinois, Delaware and North Carolina, or which remain undecided on whether to accept the responsibility for developing the exchange.
Often when people near the end of life, secondary to an illness, they begin to contemplate their lives and recognize that of all the things they've accumulated and all the accolades that have been bestowed upon them, nothing is as valuable as life itself.