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Mitch Daniels champions the individual

In #TCOT, Government Waste, Healthcare, National Health Care, Obamacare, Patients First on March 1, 2010 at 11:14 am

The free market. Self determination. Control over your own money……Indiana Governor Mitch Daniels hit the nail on the head when it comes to the future of healthcare dollars. Individual determination of healthcare dollars spent is successful.

In an Op-Ed piece for the Wall Street Journal today, Daniels illustrates how the free market is supposed to work–yes, even in healthcare. Seems like a simple idea; one which should be easy to implement, but probably won’t because it takes control of the almighty dollar away from the government.

When given the choice, a staggering 70% of Indiana State employees chose to determine their own destiny. Imagine that.

The HSA option has proven highly popular. This year, over 70% of our 30,000 Indiana state workers chose it, by far the highest in public-sector America. Due to the rejection of these plans by government unions, the average use of HSAs in the public sector across the country is just 2%.

Not only are employees determining where their dollar goes, but it is good for the state:

The state is saving, too. In a time of severe budgetary stress, Indiana will save at least $20 million in 2010 because of our high HSA enrollment. Mercer calculates the state’s total costs are being reduced by 11% solely due to the HSA option.

Daniels goes on to say how people who use their own money, cut costs and do not cause a detriment to their own health. What a concept. Free market, control of your own money, and what do you get?…. A positive outcome.

As the healthcare debate continues to drag on, with intentions of ‘bettering America’, one thing becomes clear: Self determination of individual dollars is the only thing that shows promising signs of success.

Kudos to Daniels who champions the individual.

(For more reading on HSA’s and positive healthcare reform, check this interesting article from Dr. Robert E. Moffit, Director of the Center for Healthcare Studies at the Heritage Foundation)

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