Monday, December 17, 2007

Hoosier HSA

In an attempt to raise awareness for HSA's (Health Savings Accounts) while addressing health care coverage for the poor, the White House has proposed a new HSA test program for the Hoosier state.

Under the Indiana program, eligible residents can pay up to 5 percent of their incomes into state-subsidized "Personal Wellness and Responsibility Accounts" that cover their initial medical expenses up to $1,100. Once that deductible is reached, private insurance purchased by the state kicks in.

Personal Wellness and RESPONSIBILITY Accounts.

Personal responsibility. I like that concept.

How could anyone object to requiring adults to act like adults?

Well, apparently some can . . .

Judith Solomon, senior fellow at the Center on Budget and Policy Priorities, said she doubts that many people making $10,000 a year can afford to pay $500 for health insurance. She said that about 50,000 people lost Medicaid coverage in Oregon after that state got permission to raise insurance premiums to $20 a month.

The state increases the premium from $0 to $20 per month and 50,000 LOST their coverage?

Lost their coverage?

They chose not to pay $20 for something that was previously free.

They didn't lose anything.
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