Downsize DC's full-time employees have their own Health Savings Accounts (HSAs). These plans cover their health care expenses through a combination of major medical insurance and a tax free savings account.
Our employees . . .
In addition to these benefits, other amazing things happened when we switched to HSAs . . .
Every dollar our employees don't spend gets to stay in their HSAs, accumulating tax free interest. This motivates them to make more frugal use of health care services, and to ask providers for a better price. Here are two examples . . .
A doctor wanted one our employees to get an expensive MRI. Our employee told the doctor he would be paying for the MRI out of his HSA, and asked how much it would cost. The doctor gave a shocking reply: "Well, I think we can skip the MRI. You don't really need it."
This doctor was willing to order a questionable test when he thought someone other than the patient would pay for it. Many other doctors behave the same way. If more people had HSAs fewer questionable procedures would be conducted, and the total demand for medical procedures would drop. Lower demand would lead to lower prices!
But the widespread use of HSAs would also lower costs in other ways. Consider . . .
One of our employees needed a blood test. He was going to be spending his own money out of his HSA, so he shopped around for prices. A few simple phone calls enabled him to get more things tested for half the price!
The fact that he was spending his own money motivated our employee to get better care at less cost!
The politicians claim they want to . . .
The outcomes the politicians claim they want could be better achieved by expanding and improving HSAs. But instead, the politicians want to . . .
Even worse, some proposals in Congress would actually harm HSAs, or even abolish them!
Do the politicians really want to make health care better and cheaper, or do they just want to make more people dependent on THEM? Isn't it suspicious that their proposals would force patients, doctors, and health insurance companies to constantly come to Congress on bended knee, begging for favors, benefits, and protections?
Are we wrong to notice that increased government control will tend to create cushy jobs for retiring politicians, either as lobbyists, or as members of corporate boards in the health care industry?
Don't let the politicians scam you. Make HSAs a central part of your personal plan for health care reform. If you're self-employed, consider getting an HSA policy, or, if you have insurance through your employer, ask them to consider switching to an HSA.
We found our HSA plan here: www.ehealthinsurance.com.
In addition, please use the form at right to send your Congressional employees a letter demanding that they protect Health Savings Accounts, and also expand and improve them. Here are some talking points you can use for your personal comments:
Use the form at right to send your elected representatives a letter about this issue. It's easy!
We provide the first few words of the letter so that Congressional offices will see the most important point right at the start, and so that no one can hijack our system for another purpose. Here's the part we provide . . .