By Robert Koshnick, M.D. In the early 1970s, Paul Ellwood, M.D., the “father of the HMO” convinced President Richard Nixon that physicians who owned their clinics were greedy entrepreneurs. Ellwood’s solution, to have corporations manage people’s health care expenditures, led to the HMO Act of 1973. Health maintenance organizations (HMOs) were given the right to … Continue reading Empowerment Accounts Can Fix Restrictive HSAs – Commentary