Monday, March 1, 2010

HSA

Great OpEd in today's WSJ by Gov. Mitch Daniels (R-Ind). His state has taken a small step toward reforming health care, offering Health Savings Accounts to state workers. They've lowered health care costs by 11% and increased take-home pay for workers.

More importantly, this is an example of the correct way to tackle the far-from-settled health care reform question: with small-scale, budget-conscious reform that would be as easy to undo as to duplicate. The notion that we should try "grand experiments" on a national level with mandated 10- and 20-year plans flies in the face of the humility that science and economics both teach their observant practitioners.

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