There is a new site in the CommunityColor.com family of sites. The domain is www.MedicalSavingsAndLoan.com. This site introduces an exciting approach to free market health care reform called The Medical Savings and Loan (more).
A medical savings and loan adds a guaranteed interest free loan to a medical savings account.
An interest free loan you ask? How can a company provide an interest free loan?
The answer is simple. In a standard loan, one charges the premium for the loan in the form of interest. This does not work in the case of medical loans as injury and illness reduce the capacity to pay back the loan.
Rather than charging the premium on the loan, the system charges a premium to access a guaranteed interest free loan.
I opened a disqus thread on the topic. If you would like to comment please use that thread as it will be more robust.
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