HSAs Increasingly Popular
America’s Health Insurance Plans has released its annual survey of Health Savings Account (HSA) plans. Here is Chris Jacob’s summary:
The survey finds that as of this January, 13.5 million Americans are enrolled in insurance plans compatible with HSAs — an increase of more than 18% compared to January 2011. What’s more, enrollment remains evenly distributed along age and gender lines, disproving the notion that HSA insurance policies favor the young and healthy. And the survey also demonstrates that most HSA plan holders have access to tools, including price and quality data, that can make them better consumers of health care.
Thats great. Its wonderful more people are having more control over their health care spending. Also, a congrats to you John.
Great news. The amount of market information available to consumers is especially important.
I have to wonder if the Obama Administration perceives this increase as a threat to their healthcare overhaul plans.
Patient engagement in health care decision-making using financial incentives is anathema to left-leaning policy wonks. They believe only left-leaning public health advocates and their lackeys should make those types of medical treatment decisions. Left-leaning policy wonks also believe there should be no profit in health care — except the profit accumulated by non-profit health care providers, left-leaning policy wonks and left-leaning public health advocates. If this doesn’t sound like a plan with any chance of success, you’ve correctly assessed the current health policy environment.
How sad — the rally of HSA popularity just before they are gutted by Obamacare.