The Time Has Come For Expanding Health Savings Accounts

Health shutterstock 691188694

The House of Representatives returns to Washington this week. Some of the chamber’s Republicans have begun to make noise about health reform.

In a recent opinion piece for The Hill, Rep. Michael Burgess, a medical doctor from Texas, and co-author Eric Hargan, an official at the Department of Health and Human Services during the Trump administration, detailed several health policy changes that they hope to see Republicans advance.

Among them are faster approval of treatments, making health insurance portable across jobs, and expanding access to Health Savings Accounts.

That last reform is perhaps the most crucial point on Republicans’ agenda. HSAs give Americans control over their healthcare dollars—and help them save and pay for the care they need. In so doing, they inject some much-needed competition into the healthcare sector. Over time, this will drive costs down and quality up.

Click to read the full article at Forbes.

Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.

Scroll to Top