taking power and influence out of the hands of bureaucrats in Washington and returning it to the America people is something the American people want and that the Congress is trying to provide. Medical savings accounts, MSA's, are one way to return power and influence over health insurance to individuals. With an MSA, you do not need anyone's permission to spend money on health care. It is your money to spend or save as you see fit. With an MSA, you do not have to worry about losing your health care insurance if you switch jobs or lose your job--your MSA is yours and it goes with you. That is true portability. With an MSA, you do not have to worry about the potential for ruinous out-of-pocket costs. Out-of-pocket costs are limited to the amount of the deductible; and catastrophic insurance kicks in with full coverage after that. With an MSA, the power and influence over health care spending is in the hands of the individual Americans who choose to have an MSA to pay for their health care. Why is this power and influence for individuals so threatening? One person should not deny millions of Americans reform, including MSA's, that will make health insurance more portable and affordable.
Roscoe Bartlett: “taking power and influence out of the hands of bureaucrats in Washington and returning it to the America people is…”
Editor's note · Context
Discussing the benefits of medical savings accounts during a floor speech.
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