Friday, April 08, 2005
Mike Bond on HSAs
[Michael T. Bond, Mark E. Dobeck, and Deborah Erdos Knapp, "Using Health Savings Accounts to Provide Low-Cost Health Care," Compensation and Benefits Review, March/April 2005, Volume 37, No. 2.]
While those familiar with Michael Bond through The Flint Hills Center probably associate his name with Medicaid reforms, he is not surprisingly also an advocate for health savings accounts. Here is an excerpt from a recently released journal article of his on the subject:
The major impediment to this type of coverage in the past was that HSA funds were taxed when placed in the account. The new legislation eliminates this problem and makes this type of coverage more desirable and available to all non-Medicare individuals. Current research indicates that HSAs appear to lower costs, increase freedom of choice and produce better overall health outcomes. Note that the actual benefit of HSAs is likely to be higher because they are likely to have lower administrative costs than traditional coverage and they will “induce” less medical utilization by exposing consumers to the financial consequences of their actions.
[Michael Bond and Matthew Hisrich, "Medicaid Lessons From Former Communists," Wichita Independent Business Association Newsletter, February 2005.]
[Michael T. Bond, Mark E. Dobeck, and Deborah Erdos Knapp, "Using Health Savings Accounts to Provide Low-Cost Health Care," Compensation and Benefits Review, March/April 2005, Volume 37, No. 2.]
While those familiar with Michael Bond through The Flint Hills Center probably associate his name with Medicaid reforms, he is not surprisingly also an advocate for health savings accounts. Here is an excerpt from a recently released journal article of his on the subject:
The major impediment to this type of coverage in the past was that HSA funds were taxed when placed in the account. The new legislation eliminates this problem and makes this type of coverage more desirable and available to all non-Medicare individuals. Current research indicates that HSAs appear to lower costs, increase freedom of choice and produce better overall health outcomes. Note that the actual benefit of HSAs is likely to be higher because they are likely to have lower administrative costs than traditional coverage and they will “induce” less medical utilization by exposing consumers to the financial consequences of their actions.
[Michael Bond and Matthew Hisrich, "Medicaid Lessons From Former Communists," Wichita Independent Business Association Newsletter, February 2005.]
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