Health Savings Accounts

Summary

• HSAs are helpful but do not go far enough by themselves

Summary

• HSAs put people in charge of their health care expenditures

• HSAs help health care consumers make more informed choices

"Health Savings Accounts may be a helpful way of saving taxpayers money in the current health care environment. But the current health care environment in unsustainable and health savings accounts don’t do nearly enough. In the long run, it’s going to take more than health savings accounts to provide the kind of comprehensive health coverage Americans need and deserve."

"When families are informed about medical choices, they are more capable of making their own decisions, less likely to choose the most expensive and often unnecessary options, and are more satisfied with their choices. We took an important step in this direction with the creation of Health Savings Accounts, tax-preferred accounts that are used to pay insurance premiums and other health costs. These accounts put the family in charge of what they pay for. And, as president, I would seek to encourage and expand the benefits of these accounts to more American families."

Response to American Academy of Family Physicians Survey

April 29, 2008
Tampa, FL
Remarks on Health Care at Lee Moffitt Cancer Center & Research Institute