The Socialized health care system will not work, as other government run social programs have proven. Instead let us model it after family oriented and charity based system that has thrived for centuries across the globe. A health and well being savings account managed by a non-profit agency, with the sole purpose of creating an interest bearing account for every citizen that any individual or organization may donate to at any time will provide a solution to weaken the stress of the existing social security, medicare, and Medicaid systems. By allowing access to said account by the citizen similar to the way a medical flex spending account but without the annual restriction it would allow the person the ability to set aside a very sizable nest egg for times in their life when they may need it. Currently the average citizen contributes 7% of their pay to socialized government systems that have been proven to become bankrupt before many of my generation will be able to reap the benefit. If six of the seven percent was set aside into this savings account, the remainder going to existing systems to meet the needs of those who would not qualify, it could be accessed at any time to pay for medical expenses and replace social security after retirement. If every child of working age was able to set aside 1% of their income to a retired parents account we could see a perpetual growth in the size of that parents account. To improve this solution would be to allow any individual or group to add an individual to their health insurance policy, irregardless of their affiliation, at a nominal rate. Insurance companies would offset the additional expense by expanding their client base and everyone wins. An example of this in action would be if my brother,who is in the auto industry, lost his job and thus his insurance I could add him or sponsor a percentage of his health care coverage in conjunction with other family members on a pre-tax basis. Other applications for the account could be assisting in school tuition or unemployment assistance. In the event of the death of the individual the remaining funds can be transferred to contributing citizen accounts in per-portion to amount donated during life time, or as directed by living will so long as funds remain within the system. The interest gained from the account can be split to encourage the growth of the account as well as offset the cost of managing such an organization.
Idea No. 3680