A New Model for Health Care

Is there a “third way” for health care payments, one that relies neither on employers nor the Feds?

Contemplating GM’s arrangement with the UAW — in which GM will set up a VEBA (“Voluntary Employee Benefits Association”) — I think there might be.

This would be something similar to the classic model for a building society (aka “saving and loan”) or its Catholic, working class equivalent, the credit union.  Individuals band together to endow a trust, from which funding for their health care is drawn.