I am here today to talk on the Medicare Modernization Act. Tax-free health savings accounts that are accumulative allows the individual to pick up basic health care costs and shop around for quality and service, one of the great benefits of the Medicare Modernization Act. The other thing is then moving individuals into catastrophic health insurance plans which will be, obviously, in essence a lot lower than health care costs today. What people fear is the ability to lose their life savings on catastrophic illnesses. By having the catastrophic health insurance account, that will not occur and it will be at a cost that people can assume. But the only way we are going to bring down health care costs in America is to make sure that the consumer is involved in choosing their services based upon quality and service. No middlemen, the consumer. That is the benefit of the health savings account. The Medicare Modernization Act was real reform, and I am proud to have supported it.
Editor's note · Context
Discussing the benefits of the Medicare Modernization Act.
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