Would torpedo the promising first fruits of health savings accounts
WASHINGTON – Democratic presidential candidate John Kerry today released his campaign policy book detailing his liberal agenda for the future. One of his planks is a health care policy that would introduce terrifying socialized medicine to America’s workers and small businesses. He would destroy the progress that has been made in health care reform, most especially in the area of health savings accounts (HSAs.)
Kerry’s plan laments the fact that health insurance premiums have been rising at a rate far faster than wages. The correct solution for this is to let Americans insure themselves for catastrophic care only, much like car insurance. The money they save should be used for routine, day-to-day expenses. This money can be stored tax-free in HSAs. Any unused money would build up year after year.
“Kerry would like to see every American enrolled in a socialized health care scheme that is
reminiscent of the coercive, state-run management that Hillary Clinton tried to shove down America’s throat a decade ago,” said ATR President Grover Norquist.
Health savings accounts allow all Americans with a high-deductible health plan to save money for their own health needs. The cost savings from lower premiums allow money to be used for routine expenses, and can be saved up for years when health care is more expensive.
“A much better solution than Kerry’s Hillarycare scheme would be to encourage the use of
HSAs to control costs and put power into the hands of patients,” concluded Norquist.