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Tuesday, January 31, 2006

Think Progress � The Truth About Health Savings Accounts

President Bush will use tomorrow?s State of the Union address to promote ?health savings accounts? as a solution to America?s health care crisis. Multiple studies have shown that HSAs are likely to increase the number of uninsured and increase health care costs, all while costing taxpayers tens of billions of dollars. In other words, President Bush is proposing to do for health care what he?s already tried with Social Security ? placing more of the cost burden on individuals, while making the system more attractive to the wealthy but less effective for ordinary Americans who need health coverage most.
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