Posts Tagged ‘Health Insurance’

Michael Moore’s Sicko Misses The Solution: Health Savings Accounts

Michael Moore’s new movie SICKO is a humorous and at times emotionally moving look at the state of U.S. healthcare, but it promotes a solution (government healthcare) that would only make matters worse. Instead of more bureaucracy and government control, we should be encouraging competition among healthcare providers and personal responsibility among consumers. Health savings accounts, or HSAs, do just that, and are the future of healthcare in America.

Many well-importance public mediate that a government take-over of healthcare coverage, called a “single-spender” system, is the answer. But if one austerely looks at the countries that currently have single-spender systems, it is quite apparent that they are failed systems, with the citizens of these countries clamoring for change.

Because demand goes up when prices go down, the only way a government that provides “free” healthcare can control cost is by limiting access. So citizens in countries with single-spender systems always suffer long waits and lack of access to medical care and technologies.

For instance, in Canada there are currently over 800,000 public on waiting lists for medical procedures. The mean wait time for public who are referred for surgery is over four months! If it weren’t for the fact that thousands of Canadians come to the U.S. each year for treatment, the mean wait times would be even longer.

Per capita, Canada only has 20% the number of MRIs that the U.S. has, and only 14% as many CAT Scans. There are hundreds of prescription drugs available in the U.S. that are not yet available in Canada as they try to control costs.

The situation in Britain is no better, with over 1 million public currently on waiting lists. In June Britain’s Health Department found that 1 in 8 patients waits over a year for scheduled surgery, and shortages are forcing more than 50,000 operations to be cancelled each year.

Waiting for surgery is not just an inconvenience; it can mean the difference linking income and dying. For instance, in the U.S. the survival rate for stage 1 colon cancer is 90%; in Britain it is 70%. American women diagnosed with Stage I breast cancer have a 97% survival rate after 5 years; in Britain it’s only 78%.

As Americans contemplate copying these failed systems, citizens in Europe and Canada are headed in the opposite direction. Germany just recently passed laws to enhance insurance competition, Sweden has begun privatizing some of its healthcare, and millions of Europeans are finding ways to opt-out of their government healthcare systems.

In Britain there are now over 6.5 million public who carry private insurance, even with the availability of “free” coverage from their NHS. Another 250,000 self-fund each year for acute private surgery, because they don’t want to or cannot afford to wait. Even the Labour party now favors privatization of healthcare in Britain.

In 2005 the Canadian Supreme court issued a ruling which stated, “The prohibition on obtaining private health insurancea€¦ is not constitutional where the public system fails to deliver reasonable services.” Private healthcare clinics are now opening in Canada at the rate of one per week.

Unfortunately, under a socialized system, your body and your life are no longer under your control.

Isn’t it incredible that some of the same public who criticize government ineptness – including Katrina, the many screw-ups in the war on terror, No Child Left Behind, and more – in fact reckon the government would do a excellent job managing the nation’s healthcare?

Freedom, choice, and innovation are what have given us the highest quality healthcare in the world. We absolutely do need change, but the answer is less government intervention, not more. By encouraging consumer-driven solutions, competition, and price transparency, we can help avoid the healthcare disaster that government control would bring.

One huge part of the solution that is already beginning is the adoption of Health Savings Accounts. Over five million Americans already have an HSA set up, and over five billion dollars is already invested in these special bank accounts.

Public who have an HSA can set aside money to pay for future medical expenses, and get a tax deduction to do so. Because you must have a high-deductible health plot to contribute to an HSA, these plans encourage public to more carefully spend their healthcare dollars, since money they don’t spend stays in the HSA.

The result is that medical providers once again are competing for customers by lowering prices, and increasing quality and convenience. Already we are seeing plummeting prices on prescription drugs, and low-cost medical clinics spring up in Wal-Mart and other retail locations.

As more and more public obtain HSAs, we will not only see a benefit for the consumers, but we will also start to see more public who take a proactive attitude when it comes to their health. A Health Savings Account owner who exercises and eats right will likely have a much larger balance in their account by the time they retire.

These changes will result in a healthier and wealthier group of retirees and a smaller burden on our tax system in the future.

I have private health insurance and insurance from work?

I have private health insurance from blue cross blue shield, I also get blue cross blue-shield from the work I do for the state. If I was to use the insurance from my work would it be a conflict with the insurance I privately have? I was told that they would cancel each other out and I would lose my private insurance. Montana foundation renovate company . Roofing Blue Bell PA . bones . Is this right??? I don’t really want to lose my private insurance for health and security reasons but I also don’t want to keep paying more if i don’t have to in the long run.

Health Insurance ==> ?!?!??!?!?

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I Need To Get A Health Insurance.
Where Is The Best Place To Get It From?

What is the difference between Health Insurance and Health care Program?

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Is it OK to have just the health care program and not have the Health Insurance Plot? I can get Health care program for half the monthly premium as compared to the Health Insurance Plot. Please advise? Is it advisable?

How would health insurance businesses be able to stay viable if the Senate bill is passed?

As I know it, the bill forces all Americans to have health insurance. atlanta tankless fill up heater . But, I reckon that the fine for having no health insurance is nearly 0. Appliance renovate in rowland heights . Used Cars Denver . But after the year 2014, health insurance companies will not be able to turn customers away for preexisting conditions. Why wouldnt someone pay the fine or buy low end coverage until they got ill and supplement the coverage or buy an extensive plot?