A community of 30,000 US Transcriptionist serving Medical Transcription Industry

From today's prayer breakfast attended by


Posted: Feb 7, 2013

DR. CARSON: Here's my solution (to Obamacare): When a person is born, give him a birth certificate, an electronic medical record, and a health savings account (HSA) to which money can be contributed -- pretax -- from the time you're born 'til the time you die. When you die, you can pass it on to your family members, so that when you're 85 years old and you got six diseases, you're not trying to spend up everything. You're happy to pass it on and there's nobody talking about death panels. AUDIENCE: (laughter and applause) CARSON: Number one. And also, for the people who were indigent who don't have any money, we can make contributions to their HSA each month because we already have this huge pot of money. Instead of sending it to some bureaucracy, let's put it in their HSAs. Now they have some control over their own health care. Though he was sleepy, Obama actually perked up during Carson's speech. ;

So according to Dr Carson's plan... - sm

[ In Reply To ..]
...for-profit insurance companies would still be calling the shots? No thanks, that's not my idea of reform.

Insurance? No, he said - Health Savings Accounts

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You'd be in control.

My daughter and son-in-law were actually at that prayer breakfast today. - countryMT

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What an hour for them to get invited to go. I am so proud of them. She sent me pictures from their table.

In control of our own health care? Gee what a concept - sm

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Instead of some beurocrat government goon (er official) telling us what we can and cannot have and if we are over a certain age.

In charge of our own healthcare and decisions? Sounds good to me. Who wouldn't want to be in charge of their own healthcare?

Love this post.... - sm

[ In Reply To ..]
Totally agree. Let free enterprise work as it is intended - if a business does not offer good service/products for your buck then don't use them. Those that give you value will thrive (to become the greedy evil rich no doubt many on this board will say) and those that do not give consumers what they want will fall by the wayside. Oh, but this will take the power out of the politicians' hands who make lofty promises to buy our votes, promise to save us from ourselves, etc., and we would not want that to happen, would we?

Might as well pray for disaster. People with rich - savings accounts (ASSUMING they didn't

[ In Reply To ..]
get sick until later in life) going one-on-one against the giant HSA-Emptying Industry that would inevitably develop?

Just for one example of many things that would go wrong: If every one of us had an HSA today with $250,000, the COST of healthcare would go through the roof. After all, with all that money, who couldn't pay $80K for an uncomplicated laparoscopic appendectomy. And with one's life on the line, while screaming in pain, who wouldn't?

That's an example of elasticity of price and demand, in this case an almost total lack of it in terms of demand.

BTW, don't believe me about price inflation? Look what happened to the price of a house when women went out to work and household income increased dramatically. Typical families should have been able to afford a nice main residence and a charming vacation home, right?

Also BTW? HSAs were inserted into Obamacare by the GOP as part of interparty cooperation on the part of the Democrats, who wanted something else in their place that would perform the same function--for healthcare. Why were they set up this particular way? I have an HSA. So does virtually everyone making a lot more money than me--they were set up to be tax dodges for anyone who doesn't actually have to use the money for healthcare. Unfortunately, I'm not one of those and never get my balance built to the point where I can roll the accumulated money over--tax-free--into investments and then start the process all over again. The way an HSA is really put to best use.

I think you misunderstood what he said - lmn

[ In Reply To ..]
Maybe have another listen?

I did listen to him. People of influence should learn - some economics before taking positions. Good

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intentions and pie-in-the-sky fancies aren't enough. You have to figure out what OTHER changes your new change will cause. What are all the costs it will take to achieve the desired benefit? What could go wrong? Greed is always with us and must be dealt with.

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