Doesn't do a darn thing to actually lower medical costs.
Just another loophole tax dodge for those who dabble in the stock market.
Just as fraudulent as his "terrorism insurance".
Oh, Yes it does!! If you have a medical account to spend anyway you want, and don't have to go to a specific plan or dr. for care, they will be competing for business and not spending all of their time and money arguing with ins. cos. You will go in, get the care, pay cash, and leave. No admin. costs to speak of.
There would probably be more specialized clinics and such for routine care - a free market is always cheaper in the long run than a monopoly.
This is the best hope we have had for better medical care in years. The carry-over provision is necessary, though.
Not true. One factor driving the cost of insurance up is that people go to the doctor when they don't really need to. People react differently when they have to pay for a service themselves. When they have a financial stake in choosing to go to the doctor or not, they are more apt to conserve.
An anology would be, if I could buy coverage that would allow me to have unlimited drycleaning of my clothes, I'd get my winter coat drycleaned once a week, and I'd get all of my suits drycleaned on a regular basis... even if I hadn't worn them since the last cleaning.
Not so, you can shop around and use it wherever you want, without some insurance company forcing you to stick with your Doc, or his "group." That introduces point competition. My wife and I have an MSA---it's good, though we've used it just once. Less bureaucracy means more competition.