Sunday, May 13, 2007
For the last six years, the Bush government and Republican Congress have put forth their resolution to sky-rocketing health plan costs: consumer-driven health care. Underlying this policy lies suppose that Americans over-consume health care. Labeling this a "moral hazard" problem, proponents push for high-deductible health cares that make people spend out-of-pocket from the first dollar of insurance coverage up to the plan deductible. The theory is that facing a better share of the costs of medical care would make people improved health-care consumers, cutting back on extravagant spending, spurring more bloodthirsty health care markets and, expectantly, lower prices. The Bush administration has offered tax breaks on out-of-pocket spending (health savings accounts or HSAs) for registering in qualifying high-deductible plans.
posted by kanth
@ 9:05 PM
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