Policy Documents

ObamaCare Is the Problem, Health Savings Accounts Are the Solution

July 10, 2013

In this issue brief, Peter Ferrara writes that HSAs and similar consumer-directed high deductible plans are spreading across the work force, and demonstrating a powerful capability to control rising health care costs. But ObamaCare threatens to raise rather than lower health insurance costs, and will fail to achieve universal health care by a wide margin. Indeed, ObamaCare will quite possibly increase rather than reduce the number of uninsured. It is already reducing employment and senior access to health care, and with no change in course, these effects will grow far worse. Indeed, ObamaCare is now the problem, and HSAs are the solution.