tag:blogger.com,1999:blog-5090403.post8560275499374896724..comments2023-09-07T04:24:11.648-06:00Comments on y-intercept blog: Answer to a Questiony-intercepthttp://www.blogger.com/profile/03389285761013186443noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5090403.post-64202866173057648792012-01-19T18:16:50.694-07:002012-01-19T18:16:50.694-07:00I agree that high deductible insurance is problema...I agree that high deductible insurance is problematic.<br /><br />The MS&L is different from high deductible insurance. The MS&L doesn't have a deductible. It doesn't have copayments or any of that stuff. <br /><br />Employees get money deposited into their account that they manage.<br /><br />They get supplemental grants if their medical expenses fall outside the norm; otherwise, they are expected to self fund their care.<br /><br />There are organizations built entirely around the concept of loyalty. But this is not the whole of the economy. Many people are outside of this feudal type of corporation.<br /><br />Employer based insurance is the best answer for corporations designed as feudal kingdoms. But it is not a good answer for the parts of economy which are not organized around the feudal order.y-intercepthttps://www.blogger.com/profile/03389285761013186443noreply@blogger.comtag:blogger.com,1999:blog-5090403.post-65559074301864313092012-01-19T06:16:55.341-07:002012-01-19T06:16:55.341-07:00Kevin,
Group health insurance with good benefits ...Kevin,<br /><br />Group health insurance with good benefits and low coinsurance amounts can build employee loyalty.<br /><br />I've seen major medical or mini med, high deductible plans hurt employee moral, so it can work both ways. Companies like to write off their matching contribution, so it's often done for tax reasons. <br /><br />Again, in the Obamacare economy we are now in, it's not a struggle to attract high quality workers without any health plan because of bleak jobs picture.Craig Caseyhttps://www.blogger.com/profile/14578200758233465644noreply@blogger.comtag:blogger.com,1999:blog-5090403.post-80389995232489729122012-01-19T00:18:06.692-07:002012-01-19T00:18:06.692-07:00Young healthy workers will not be thinking about t...Young healthy workers will not be thinking about their retirement when they join the plan. They will actually be thinking about the direction of their career.<br /><br />When the health care advocate models a structured savings plan for the young worker, the young worker will see that they build equity in the plan.<br /><br />Different business cultures would gravitate to different ways of funding health care.<br /><br />People of the corporate mindset wand employees who are beholden and dependent on the corporation. They would prefer insurance.<br /><br />Small business is in the dynamic game of building equity and would gravitate to the MS&L model as it promotes workers who have the same vision.y-intercepthttps://www.blogger.com/profile/03389285761013186443noreply@blogger.comtag:blogger.com,1999:blog-5090403.post-26621027672348907622012-01-18T19:10:20.698-07:002012-01-18T19:10:20.698-07:00Good points, but dynamic healthy people become sic...Good points, but dynamic healthy people become sick people with medical needs when they get older so the MS&L could help them their also. <br /><br />The problem is the time horizon. Since people have little discretionary income, any savings they do have is going to pay rent, food, etc. And Seniors use a majority of the care in their final years. So younger workers would have low incentive to get a delayed benefit down the road.<br /><br />The other side of the employment coin is that instead of an employer putting time and energy into hassling with a health plan, they can pay higher wages and focus on their core business. Just one less distraction.Craig Caseyhttps://www.blogger.com/profile/14578200758233465644noreply@blogger.comtag:blogger.com,1999:blog-5090403.post-73183814060257905302012-01-18T17:28:12.166-07:002012-01-18T17:28:12.166-07:00The question of control over workers would be a bi...The question of control over workers would be a big sticking point for corporate and unionized America. Allowing people direct control over their health care gives the people greater freedom.<br /><br />However, there are many people in the small business community who are looking for a solution like this.<br /><br />My goal in implementing this plan was as an alternative to insurance targetted primarily at the small business community.<br /><br />I wrote a reply to your question about adverse selection (not published yet). In the reply, I point out that the MS&L is not insurance and not subject to adverse selection.<br /><br />If we had a market with both insurance and a Medical Savings and Loan, people with health problems would seek employment in corporations for the insurance. Dynamic healthy people would seek work in small business where they have the MS&L and greater freedom.y-intercepthttps://www.blogger.com/profile/03389285761013186443noreply@blogger.comtag:blogger.com,1999:blog-5090403.post-4200080145351336632012-01-18T07:05:05.591-07:002012-01-18T07:05:05.591-07:00The transition from public dole to MS&Ls would...The transition from public dole to MS&Ls would be interesting. it would definitely lower taxes and possibly save the dollar. But like a flat tax, it makes sense, saves money, but can't be implemented.<br /><br />Also getting backers and employers to fund the healthcare up front could be a real issue. They would also have power and control and have a vested interest in limiting the amount of care and hence their losses in the receiver does not pay back the loan. <br /><br />Employees can just find other jobs, they are getting rewarded for quitting. It could hurt moral and increase turnover of highly trained employees.Craig Caseyhttps://www.blogger.com/profile/14578200758233465644noreply@blogger.com