I hate arguments made with anecdotal evidence. But since everyone likes their own anecdotes, why should I be any different?
I don’t have a Medical Savings Account, but I do have catastrophic health insurance. It’s just like regular health insurance except I have to pay the first $5,000 of medical expenses per year out of pocket. That makes me sensitive to medical pricing. Indeed, it makes me a bit too reluctant to get medical treatment sometimes, I admit it. I’m tight.
However, I’m a 46 year old man with 66 year old knees that could not be neglected any longer. Today I bit the bullet and, with the help of a Doctor friend who gave me a ‘scrip, I went shopping for two MRI’s. I called 12 radiology clinics. The price for an MRI for a “regular” patient, that is, one with insurance, averages $1,183 per knee. The best price for a cash patient like me is $375.
That’s a savings of $808 or 68%.
Not all medical procedures are as competitive as MRI’s, but still… 68%? I’m more firmly convinced than ever that Medical Savings Accounts are the way to go.
Over to you, Democrats!