My only experience with health savings accounts was the deal a few years back where you could set aside tax free health $. But it was only for each year and if not spent, it was lost. So, I opted out and went heavy in the 401K. I think the younger workers with families would find it difficult: they are paycheck to paycheck to start with. But, yeah, solutions there are. I would take a hard look at medical practice as well: over-testing, the billing shenanigans, frivolous lawsuits. A thorough reevaluation of the entire system, rather than the bandage and patch approach. But, heck, I'm not in the profession just an end-user.
Mackey's plan is a $2,500 deductible policy that he supplements with $1,800 a year in a health savings account which CAN be accrued. The workers at Whole Foods seem to like it in that 77% of them kept it rather than going back to the old HMO.
That's a good question, BB. I guess that it depends on whether you're a large L Mises libertarian or a small l Cato libertarian. I do know that Charles Murray has come out in favor of the Friedman negative income tax idea and I certainly don't have a problem with at least taking a look at it.
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One of the problems with a monitor
replacing your local insurance agent?
You're an open minded guy, BB. What do you think of the Mackey plan (a high deductible policy supplemented with health savings accounts)?
My only experience with health savings accounts was the deal a few years back where you could set aside tax free health $. But it was only for each year and if not
spent, it was lost. So, I opted out and went heavy in the 401K.
I think the younger workers with families would find it difficult:
they are paycheck to paycheck to start with. But, yeah, solutions there are. I would take a hard look at medical practice as well:
over-testing, the billing shenanigans, frivolous lawsuits.
A thorough reevaluation of the entire system, rather than the
bandage and patch approach. But,
heck, I'm not in the profession just an end-user.
Mackey's plan is a $2,500 deductible policy that he supplements with $1,800 a year in a health savings account which CAN be accrued. The workers at Whole Foods seem to like it in that 77% of them kept it rather than going back to the old HMO.
Not familiar with Mackey/Whole foods, I read up a bit. Definitely a unique character .
It may all be for naught Will.....Whole Foods is on shaky ground and may not be around five years from now.
That's too bad. From what I can gather it's a great place to work.
I'm wondering if the libertarian admiration for Switzerland is going to chill a bit?
That's a good question, BB. I guess that it depends on whether you're a large L Mises libertarian or a small l Cato libertarian. I do know that Charles Murray has come out in favor of the Friedman negative income tax idea and I certainly don't have a problem with at least taking a look at it.
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