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Many people have Heath Savings Accounts or HSAs. They are an effective way to making health insurance affordable. HSAs are also staple small business health plans, particularly for the self employed. If you are unfamiliar with HSAs, you can see a nice summary here.
However, the Democrats want to end this. They want individuals and families to have health insurance only if you buy it from the government. The Wall Street Journal covers the stody on Democrats' agenda on affordable health insurance today.
Democrats have made affordable health care a mainstay of their election agenda, but apparently only if you are willing to get insurance through the government. Witness their stealthy assault on Americans who prefer the private-sector option of Health Savings Accounts.
This week, the House passed a legislation that included a provision to require every HSA transaction to be reviewed and verified as a legitimate medical expense. Democrats say this is to ensure that consumers are using their tax-free withdrawals for a knee replacement, rather than a new iPod. In reality it adds a layer of bureaucracy that could sharply reduce the appeal and cost savings of HSAs.
A key player here is Ways and Means Health Subcommittee Chairman Pete Stark, whose main purpose in politics is to give the U.S. a government-run health-care system. He is a known opponent of HSAs – once comparing them to weapons of mass destruction – because they introduce more individual choice into the health-care marketplace.
Some people obviously think the Feds are more capable than individual consumers in finding health care that's best for them.
The WSJ concludes its op-ed with some very good advice.
Democrats, including Hillary Clinton and Barack Obama, decry the high and rising costs of health care, including insurance Mr. Stark and his friends want to impose the same bureaucratic overhead even on spending that consumers do with their own money. The Senate should stop this one dead in its tracks.
I hope the Senate will stop this one too, but I am not overly optimistic. The end of HSAs would make health care and finding affordable health insurance small businesses more difficult.

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