Health Savings Accounts

Sherry Glied

HPMMSPH, Columbia University

Ten Worst Things about HSAs

Progressive

fragment the insurance market

$0$120

regressive

Health Care Professional

discourage coordinated care

add administrative complexity for MDs

Economic Policy Wonk

www.Kff.org

increase health care costs

The greatest improvement in the productive powers of labor, and the greater part of the skill, dexterity, and judgment with which it is anywhere directed, or applied, seem to have been the effects of the division of labor

work against the division of labor

IRA 529 Education Savings Account

HSA

lead to inefficient savings behavior

Libertarian

HSA COUNCIL MEMBERS MEET WITH PRESIDENT BUSH ON STRATEGIES

TO EXPAND HEALTH SAVINGS ACCOUNTS

WASHINGTON, April 4 — Two members of the HSA Council met with President Bush this morning to discuss ways to make it easier for Americans to participate in health savings accounts.

BANKERS FORM HEALTH SAVINGS ACCOUNT COUNCIL

WASHINGTON, Dec. 20—The American Bankers Association and the American Bankers Insurance Association jointly announced the formation of The HSA Council, an organization of banks, insurers and technology leaders committed to increasing the distribution of health savings accounts through banks.

expand regulatory capture

over-regulate the insurance market

variations in care

Poor quality treatment

Medical errors

46 million uninsured

Rising costs

HSAare an absurd distraction

• fragment the insurance market• are regressive• discourage coordinated care• add administrative complexity for MDs• increase health care costs• work against the division of labor• lead to inefficient savings behavior• expand regulatory capture• over-regulate the insurance market• are an absurd distraction