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Monday, March 26, 2007

Health Care Solution: Universal Deductibility

Columnist Herman Cain has an idea for fixing the current health care mess...one that doesn't involve increasing our dependence on government.

From TownHall.com:

Universal deductibility of health insurance premiums by employers, employees, the unemployed, individuals and business owners would connect the consumer to health care costs. When people spend their own money, they spend it more wisely. Most people will purchase health plans they can afford, instead of expecting more benefits from their employer or the government.


I haven't looked at this close enough to know if I like it, but if it's market-based versus socialism, I consider it worth examining.

It would, however, require a major change to our tax system, which reduces its likelihood of being adopted. But then, few good things come about without a long fight, and adopting a better tax system than "stick it to the rich" is long overdue.


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