Friday, February 17, 2012

Getting the Ball Rolling

I am eager to get the ball rolling on the Medical Savings and Loan.

The first step in this effort is to create a legal entity to promote the idea. The entity could be a private corporation or a 501(c)3 nonprofit. People respond better to nonprofits.

The type of non-profit to start is debatable. The primary goal of the program is to explore and educate the public on self-funded health care.

In my design of the Medical Savings and Loan, there is a position called the Health Care Advocate. The advocate is a combination of an insurance agent, a claims adjuster and life coach. The advocate works directly with clients to set up a savings plan and helps plan and negotiate health care expese.

My inclination is to start the organization as a professional association for such advocates. I bought the domain for this purpose.

I am open to any suggestions on the political organization of the entity. It is possible that people would want to set up more than one legal entity.

My goal is to get a dozen people who favor free market health care reform in a room. During the meeting we make the decisions about the structure and location of the legal entity.

I believe there is advantage to having a legal entity under Arizona Jurisdiction with some board members from Arizona. I believe that Arizona is the most likely state to take on ObamaCare. The state is home of the Goldwater Institute and the AAPS.

There is a big advantage to having people in multiple states involved in an organization. For example, there are lots of corporations headquartered in Delaware but physically exist in other states.

Pretty much all of the non-profits worth their salt have chapters in different states.

We need financial resources to start the ball rolling. I developed a fun fundraiser called JuggleBall. This is a relay race with numbered balls ... you don't have to know how to juggle. The fundraiser raises money buy selling stuff to the players.

Race for the Cure and March of Dimes are examples of successful wellness fundraisers.

A secret about nonprofits is that anyone can start a nonprofit. Starting a nonprofit looks great on a resume. If a nonprofit actually makes it off the ground then being a founding member of the group can be a big feather in one's cap.

The program will need people with the following skill sets: accounting, legal, actuarial and understanding of insurance. There is opportunity for people in Recreation and Leisure (they would organize the fundraiser). The effort would be interesting for people who would like to start a career as a Health Care Advocate (a glorified insurance agent).

It is actually a very interesting question: How would the roles of the workers in insurance change if we moved from group funding of health care to self-funding of health care.

One of the first jobs of the legal entity would be to publish a book called "The Medical Savings and Loan." A person who wants to edit or co-author an economic text on free market health care reform might consider getting in on the founding of the group.

I can see wonderful opportunities for anyone who loves the American experiment in self-governance who is willing to invest time in the cause of restoring health freedom.

The program will want to embark on an educational effort. A public speaker who would like to travel around talking about free market health care reform might find the effort interesting.

In the last month, I've had an offer of a living room in San Diego and a comment from a person who wants an excuse to visit California beaches. I had a gracious note from a tea party organizing in Vermont (I don't have the money to get that far).

An interesting itinerary would be to start in San Diego. We might go to Yuma to file the paperwork. I would then head to Phoenix to talk to the Goldwater Institute then down to Tucson to talk to AAPS.

In conclusion: Health care is a business problem, not a political one. I believe that there is a limited opportunity for the business community to step up and stop socialized medicine.

The effort would start by people getting together to create an organization to help people self fund health care. The Medical Savings and Loan is an actuarially sound mechanism for starting such an effort.

Getting the plan going would take people who are willing to stand up and start working on creating a free market alternative to insurance. The first step of the effort is to create a non-profit organization that defines the Medical Savings and Loan. After which the program will seek people to start businesses. Anyone interested in this effort can contact me.


  1. Starting a non profit is a challenge and takes dedication, because of the paperwork.

    What would be the source of your fundraising?

    It would be interesting to start the journey, since Obamacare depends on eliminating competition and choice, in order to make our healthcare easier to micromanage.

    You def. would want to retain a lawyer since it might be considered a violation of some federal or state law somewhere.

    But I'm in as I can be with some limited time and money, until wrestling practice starts back up.

  2. This is exactly the type of input needed.

    I confess, I am not all that fond of non-profits. Most non-profits are set up because some-one wants some sort of free benefit such as a tax break, a grant or access.

    I would prefer a structure where people are making openly acknowledged profit at each step in the process.

    I would vote against one, but would work like a dog making one go if others wanted to go this route.

    I've set up educational societies. This was a matter of filling out a form and paying a fee. There is a ton of paperwork.

    The second a non-profit touches any money (beyond simple member fees) or steps anywhere near a liability, it needs a lawyer.