HSIEH: WHO SHOULD CONTROL YOUR HEALTH CARE SPENDING?

Paul Hsieh asks, in Forbes, who should control health care spending? The answer is obvious—the entity most capable of controlling costs. Who would that be? Well … er … you:

What simple health care reform has reduced medical costs by up to 30%, while preserving quality of care? Hint: It’s not government price controls or mandatory health insurance. Rather, it’s letting patients decide how to spend their own health care dollars.

That’s right. It’s not the government. It’s individuals like you particpating in the free market.

The RAND Corporation recently published a study of 360,000 families who used Health Savings Accounts (HSAs) to control their own spending on routine medical expenses … Not only did spending go down by as much as 30 percent, there was no noticeable decrease in quality and no discernible difference in outcomes among various income groups.

When the Supreme Court strikes down ObamaCare, we should go back to the drawing board and design a GENIUNE health reform plan that utilizes market forces.

To read the rest of Dr, Hsieh’s commentary on this subject click here.

Comments 1

  1. Paul Hsieh wrote:

    Thanks for the link, David!

    Posted 21 May 2012 at 1:18 pm

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