It appears millions of Americans are purchasing HSA qualified health insurance plans in spite of being told they are too risky, they don’t work, they are too confusing, etc. There must be some way to further confuse people and reduce the huge premium savings these plans offer…
I know, let’s introduce redundant legislation that will make accessing HSA funds more difficult and costly…Brilliant!
(Click on the cartoon image below to view the Investment News article)
Unfortunately, we don’t know exactly what the members of the House of Representatives were thinking. 
For some politicians (say hi Pete), anything short of socialized medicine is inadequate.
I feel our current health care delivery system, which has completely shielded Americans from pricing and quality information, is already too close to socialism. You pay your co-pay and your insurance company pays the rest. This makes people think there are no consequences for over-utilization. Of course there are consequences. Have you seen how much you are paying for health insurance? I know, this doesn’t pertain to you because your employer pays for your health insurance. WRONG! Your pay raises are being sent to your Health Insurance Company every year!
Health Savings Accounts (HSA) and their required High Deductible Health Plans (HDHP) offer the best value available today when they are designed and implemented properly.
Luckily, the President has promised to veto the bill if it includes this provision.
Scott
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You are right. I am working with disability insurance in Canada and I can see many reactions like “thank God, our government is paying for it!” People often don’t understand connections between their wages, taxes and government expenses. That’s easy field for populism then…
Scott, you make an excellent point in your statement that the current health care delivery system shields the public from pricing and quality information. I think this needs to be a major area of discussion.
What “non socialized” service area can delivery their service without question to the cost and qualityof the product being purchased?
Think about it. If you go to the grocery store, hardware store, restaurant, auto shop, etc., a major part of the process is evaluating the cost and quality of the product/service offered. Yet, in the health care industry, we have no idea what an office visit charge is in clinic A versus clinic B, C & D.
Secondly, when our judgment of quality service largely centers on the bedside manner of the physician and how long or short we had to wait to get in, then there is clearly a problem with access to quality of care in our decision making process.
This isn’t socialized health care? C’mon people, wake up. Before we move further into socialized health care, let’s implement the needed fix first – make health care providers compete for our services like the rest of American business has to do in order to survive!! Hit up your legislators with this mandate for change! This is something that could be done quickly and with bipartisonship approval since there’s no real political agenda beneath such a request. If done, I guarantee we will see a dramatic reduction in medical inflation cost when providers have to truly compete for our service.