Tuesday, May 02, 2006
WASHINGTON - President Bush said Monday health care costs are constantly rising at an unacceptably fast pace and he called on Congress to enact the White House proposals to the tame medical expenses.
Private health insurance premiums had rose 73 percent in the last five years, forcing some businesses to drop their health coverage for their employees and prompting others to raise co-payments and also the premiums, the president said in a speech to the American Hospital Association.
"This is unacceptable for this country to have health care costs rising as fast as they are," Bush said. "If we want to be the leader of the world, we must do something about it. And my administration is determined to do something about it."
The primary element in Bush's plan calls especially for expanding health savings accounts - an idea that congressional Republicans rebuffed during earlier this year. These accounts let people who have high-deductible health insurance policies save money, tax-free, for their future health care expenses.
"People here in Washington need to do commonsense things to address the rising costs of health care," the president said.
posted by kanth
@ 2:13 AM
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