Thursday, January 19, 2006

Medical Savings Accounts

So, the central idea of Bush's SOTU is, supposedly, going to be medical savings accounts which are probably about the worst idea ever. I don't understand why we're supposed to throw a bunch of money in the bank that we can only use if we can get sick. Why don't we just make all health care expenditures tax deductible?

But that isn't the worst problem with medical savings accounts. Basically they encourage young and healthy people to not buy health insurance, which makes the pool of insurance buyers on average older and sicker and more expensive, further driving up insurance rates, further driving healthy people out, etc... And good luck getting any insurance after you've gottten a couple pre-existing conditions (Translation: gotten sick once or twice) under your belt, unless you can get it through your employer.

Worst. Ideas. Ever.