ABC 20/20 - John Stossel on HSAs and Health Care

ABC 20/20 - John Stossel on HSAs and Health Care - 09-14-07.ASF

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[tindallpe]

They still have to deal with the issues involved with the structure of private insurance; denials for preconditions and capping of payouts for long term problems which can lead to huge financial loss. Stossel only lt addresses the issue of deductibles and that is only if the employer is willing to pay for it .Stossel is a libertarian that is cherry picking on behalf of private ins. Private ins is wrong because it allows the Ins. companies to still carry on the same way.Obamacare is wrong too.

[hoorano]

Stupid Obamacare made it impossible to purchase OTC medicines w/o a prescription. You don't have the choice for alternative medicines which are not counted as viable medical care. I predict that HSA will be gone if Obamacare is fully implemented. All medical care will be taxed as part of income . The more expensive the treatment, the more taxes you have to pay. This is how will Obamacare be funded.

[jeremy8080]

@pluto4847 $1000 is more than what I started with, so yes it will be plenty to start just remember that you still have to buy an insurance policy which is considered a major medical policy. The Max you can contribute is around $6000 a year but it goes up every year. I would call a few independent health insurance agents in your area to get the best policy for your needs.

[pluto4847]

@jeremy8080

I want to opren an HSA, but I only have $1,000 to contribute. Can I start asap?

I hope there are no limits in how much I contribute. My goal is to make it grow.

[jeremy8080]

I have an HSA and it isnt perfect but it does work and I do shop around a get good prices. plus i can see whoever I want when I want.

I dont want to pay for someone healthcare because the are fat or smoke.

No thanks

[jeremy8080]

I love John Mackey

[darthvader5300]

Hill-Burton Health Care Bill is the solution since it is based on complete transparency, accountability, direct responsibility of all personnel and financing involved and is treated like a public utility just like power and water utilities but this time is involves people health and combines both public and private instititutional collaboration with just one goal: cure the patient, maintain his or her health after curing him or her, practice preventive health care, and doctors has the last word

[TenderTrap86]

Think of all the fat that could be trimmed. Doctors charge up to 10-20% more because they have to hire people whose sole job is to deal with insurance claims. Doctors also charge up to 30-40% more for malpractice insurance, which ought to be illegal. If a doctor didn't have malpractice insurance, bet your bottom dollar that they'll take such good care of you you'll think you're part of the family. If they screw up they should pay out of pocket and maybe even lose the right to practice medicine.

[gameragodzilla]

i'm against socialized medicine. i'm completely for changing our current (broken) system, but i'm not for changing the current system and replacing it with another (broken) system. i support HSA's, because the government is helping a bit by taking money out of your tax money and putting it in an account for healthcare reasons, but you CHOOSE where you spend it, increasing competition. plus, you use less insurance money, and if you don't have any major problems, you might not even need insurance.

[appapo3]

If goverment programs are no good.What do you call private pensions that go south and what happened to your 401k. SS needs improvement but its still there.