On the recordFebruary 23, 2010
Dr. Boozman just pointed out that the price controls upon insurance policies is the ultimate in a top-down, bureaucratic, doesn't matter what the market says, we're going to control your costs from Washington. It never has worked. On the other hand, the Republican approach is patient-centered. You and I know as physicians--and I am still seeing patients. I see them about once every 2 weeks in my practice. I work in a public hospital treating the uninsured. If you involve the patient in her care, she typically is healthier, she saves money, and the system saves money. {time} 2220 Health savings accounts, Dr. Broun, I know you know this, but for the audience, a patient will put, with pretax dollars, before you are taxed on it, will fund a bank account, and that bank account is used to pay for medical care. As it turns out, with traditional insurance, say a family of four puts up $12,000, and then a year later they put up another $12,000, and then a year later they put up another $12,000. With a health savings account, if you don't use the money, it rolls over to the next year. And some families will continue to accumulate until the amount they have to put in is zero because they have been so wise with how they spend their money. A good example of this, I am sorry Dr. Fleming left, because he talks about how his medical practice went to HSAs for all the employees. And he has an employee who was smoking.…





