Center for American Progress Health Policy Director Karen Davenport joined CNBC to discuss Health Savings Accounts (HSAs). 4/2/07
www.AMERICANPROGRESS.org
Duration : 0:4:53
[youtube lzqRcGnldbs]
Center for American Progress Health Policy Director Karen Davenport joined CNBC to discuss Health Savings Accounts (HSAs). 4/2/07
www.AMERICANPROGRESS.org
Duration : 0:4:53
[youtube lzqRcGnldbs]
HSA’s are fantastic …
HSA’s are fantastic, but you still need to get a deductible you can afford and raise it as you accumulate savings.
national health …
national health care is the answer
We had an HSA …
We had an HSA account for 3 years (spanning 4 calendar years) and we thought it was great until we had a child with a serious illness. Our out of pocket each year was 9,000. That’s $750 a month: more than our mortgage payment. And there was nothing we could do about it. We finally found a job that had better healthcare, but switching midyear, you still have to pay off the first deductible as well as the deduct for the second. It makes me want to cry thinking about it.
Healthcare products …
Healthcare products are not black and white many healthcare goods can produce a tiny amount of benefits and cost a great deal. When people pay nothing they will consume all healthcare that could have any benefits regardless of the price. This drives of the cost of healthcare a great deal. Making people pay some of the cost makes them reluctant to consume care that has very little benefit and very little cost.
I’m afraid HSAs …
I’m afraid HSAs will lead to an adverse selection spiral in the insurance market.
Good video post, interesting debate.
The question of …
The question of this clip is: are HSAs a viable solution to problems in the nation’s healthcare system? My answer is, YES. HSAs are a solution to some problems, but not to all the problems.