Foster Friess : Networking for Private Sector Solutions

Health Care Stakeholders Plan offers simple solutions

Friday, March 12, 2010

If Washington implements this four-point plan, states are given freedom to cultivate innovative health care solutions.  

Here are four reforms Washington can implement now, at zero cost to taxpayers:  

     1)  Change the tax code so that employers have the option to get the same deduction for monies they contribute to an employee's Health Savings Account that they currently get when sending to insurance companies.  Allow these HSAs to buy high deductible policies.  Tax implications to the government, employee and employer do not change. 

     2)  With employees now controlling their own policies, thereby making them portable to future employers, Congress must require all health service vendors to publicly post prices and outcomes in order to allow more intelligent consumption of healthcare services.  

     3)  Congress must eliminate road blocks to more robust aggregating so employees can group with their colleagues in any pool of their choice... Rotary club, church, or any group they select. 

      4)  Congress must require each state to allow at least two companies offering "mandate free" or bare bones policies.  This allows employees to buy "insurance" with coverage they want rather than our existing system which demands purchase of "prepaid healthcare."
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