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02/02/2006: Why Health Savings Accounts are A Very Bad Idea: The Short Form
Steve Gilliard nails it concisely:
The concept here is that people save money for medical bills when they can't save to pay off their credit cards, right? How is this insurance?
This debate should end with ONE statistic: about half the people entitled to a 401K plan actually participate in it. This is going to leave even more people unable to pay for extended medical care.
It's hard enough to pay insurance premiums, but once you do, you can get care. However, a serious illness can blow the limits out in days. Now, you're supposed to save money for medical care?
Len on 02.02.06 @ 04:44 PM CST
