A Bad Tax Break

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Bush’s healthcare proposal offers a tax break to anyone who has to buy his own health insurance up to $3,000. I’m not normally one to gripe about a tax break, but this one seems a little biased. Shouldn’t the same break be offered to someone who puts money away in a medical savings account? Those who have the foresight to manage their risks with savings are truly the “self-insured.” The old adage is that insurance is like gambling, and betting against your- self. Giving tax breaks for insurance premiums is like allowing lotto tickets in your 401(k). On second thought, after watching the Enron debacle, maybe that wouldn’t be such a bad idea.

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