To hell with consensus. Allow more personal choice and reform medical liability torts. I have a high deductible insurance policy and a medical IRA. I pay cash for medical services, and I get reimbursed by the IRA up to the level of my deductible. Whatever I don't use gets saved and invested tax free. I find that when I pay cash, I usually get about a 20% discount off my bill.
One change I would make is to allow individuals get the same tax deduction for buying insurance that only employers get now.
Comments (2)
ObamaCare won't allow you to do this anymore. Everyone will be required to buy their policy - or face a 2.5% penalty.
Assuming Obamacare gets enacted.