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Monday, November 16, 2009
5:13 PM EST
Benjamin Pacini

ATR Endorses "Health Savings Account Expansion Act of 2009"

ATR sent the following letter to Congressman Jeff Flake (R-Ariz.) today:

On behalf of Americans for Tax Reform, I write to congratulate you for sponsoring H.R. 3971, the “Health Savings Account Expansion Act of 2009,” and to inform you of Americans for Tax Reform’s decision to officially endorse it. I also write to encourage other Members of Congress to support this legislation.
 
H.R. 3971 represents a needed tax improvement. For far too long, Americans have been taxed for getting their insurance personally instead of getting insurance through their employer. By equalizing the tax advantage between employer-based and personal insurance, this bill would allow Americans to maintain portable health insurance.
 
HSAs allow individuals to take personal responsibility for their health care. By so doing, this allows them to choose what coverage they get, safely protecting their care from government mandate. It also allows each family to tailor their health care plan to their specific needs.
 
This legislation would encourage individuals to save money for catastrophe, and would help them be responsible for their health care choices, eliminating the waste and inefficiency that plague the current system. This would restore the market’s ability to foster innovation (both cost-saving and life-saving) by putting the consumer in a position to care about the quality and cost of medical procedures. In other words, this legislation allows individuals to have ‘skin in the game.’
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