Considering that a huge percentage of Americans don’t even have retirement savings, the notion of them saving up hundreds of thousands of dollars for a potential round of cancer therapy or any other expensive medical condition seems unrealistic to me.
That is not how it works. An HSA requires an insurance plan be in place for the big expenses.
While I do think you make a good point, what do you think the impact of all the insurance money going directly to hospitals would have on the average cost of prices?
I think you also lose sight of the fact that hospitals would in effect be selling policies directly to patients, allowing them to pay monthly fees for coverage.
They would be self-insuring, instead of running things through a middle-man, traditional insurance.
All this money going directly to health care would have a very positive impact on the health care industry, and I believe the public to as a result.