I'm now an official holder of a Health Savings Account. HSAs allow you to save for retirement -- just like traditional IRAs. but unlike IRAs, they allow you to spend some or all of your retirement account on medical needs now ... all fully tax free.
Steve Forbes believes that HSAs could help alleviate the health care crisis. I agree. Consumers can have the opportunity to price medical produces and pay for them with their dollars.
some quick questions:
- why has the cost of certain medical procedures risen so much over time?
- why has the cost of almost all elective procedures (cosmetic surgery, laser eye surgery, etc) gone down over time?
the answer: because in the second type of procedure, a consumer is incented to shop around and find the best price/quality mix.
