Health Savings Account-Health Savings Account Info

Exerpts:

President Obama has repeatedly promised that health reform would lower costs, yet independent observers, from the CBO to Richard Foster, the chief actuary of the Centers for Medicare and Medicaid Services, have repeatedly said just the opposite. What gives?

The Dutch are shifting from a command-and-control system to one in which insurers compete and prices for hospital care are allowed to fluctuate, driving innovation. Closer to home, in Indiana, nearly 50 percent of state employees have Health Savings Accounts—saving taxpayers $42 million to date. Companies like Safeway and Whole Foods have created insurance plans that reward healthy behavior and lower health-care costs.

Neither Congress nor the president seems to be paying much attention. But until every American gets control of his or her own portable, affordable, private health insurance—until, that is, a true market exists in health care—costs will continue to spiral upward. And voters will get more of the same, packaged as hope and change.

http://www.city-journal.org/2009/eon1118ph.html

Remember when President Obama said that the goal of health-care reform was to save money? Will that goal be reached? Your thoughts are appreciated.

Roosevelt Shands