GOP Lawmakers Aim To Use HSAs To Push Consumers To Help Lower Healthcare Costs.

February 24, 2017

 

The AP  (2/22, Murphy) reports the Federal government may begin pushing consumers to help reduce healthcare costs. While the fate of the Affordable Care Act remains uncertain, “Republicans indicated last week that they will encourage wider use of insurance that comes with a health savings account aimed at pushing patients to save and shop for care.” They are convinced that when consumers’ “money is on the line – and not the insurance company’s” – they will shop around for the best value and do their “part to curb national health care spending.”

        The Hill  (2/22, Hellmann) reports that HSAs “have long been a cornerstone of Republican healthcare plans.” To date, every ACA replacement plan, “including ones proposed by Paul and another by Sens. Susan Collins (R-Maine) and Bill Cassidy (R-La.),” seeks to “expand HSAs in some way.” GOP lawmakers contend that “giving people more direct control over their medical expenses will drive down healthcare costs.”

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