Health savings accounts are stupid. Insurance is what is needed.
I think I am misundertaken.
THE HSAs could be used for health reasons like medical costs and insurance premiums... not _as_ insurance! That would indeed be a poor choice for almost everyone.
Insurance being untied from employer does not mean eliminate insurance - it means untie it - ie individuals buy their own insurance and do not “get it” via employer.
So HSAs would be to help pay medical costs, not as a replacement to insurance!
The core issue is Medicare’s promise to pay for all reasonable expenses, without limit, using other people’s money.
In 1965, seniors didn’t consume a lot of medical resources. The government promise to pay, without limit, created a whole new industry that inflated what was available far beyond the means of individuals to pay for.
How many seniors (or their families) would pay for a $60 000 pacemaker/defibrillator out of pocket? How many could?
Medicare has not been paid for without borrowing or money printing since 1984. It’s MEDICARE that needs to be repealed.