Are Medical Savings Accounts Good for the Sick?
In this policy fax, John Goodman argues that
People with high medical expenses are almost always better off if they can switch to a Medical Savings Account plan. If any are worse off as a result of the switch, they lose very little. For example, an MSA plan would be a bonanza for high-cost Medicare patients, who would gain a lot more than healthy seniors from such a plan. The people who gain the least by switching to an MSA plan are not the very sick, but chronic patients with moderately expensive-to-treat conditions-people who generate medical bills in the range of $2,000 to $5,000 per year. But even this group would likely find MSAs attractive.