Preview

Health Savings Accounts

Satisfactory Essays
Open Document
Open Document
263 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Health Savings Accounts
We all need to understand this:
When Trump or Paul Ryan say they want to replace the ACA with "Health Savings Accounts" (HSAs), they are also saying they want to replace Obamacare or Medicare or Medicaid with YOU paying for your healthcare. That means YOU pay for chemotherapy... YOU pay for all surgeries and hospitalization... YOU pay for all your family's doctor visits, urgent care, ER visits, and prescription drugs out-of-our-pocket.
A Health Savings Account is just a tax-free way for you to save up money to pay for your own medical bills. So if you are paying off college loans, or saving for a house down-payment, or simply living paycheck to paycheck, guess what -- a Health Savings Account does you no good, because you have no discretionary


You May Also Find These Documents Helpful

  • Good Essays

    Let’s begin by defining the term HSA: As you likely know, an HSA is best described as a savings account that you use to pay for healthcare expenses. There are 3…

    • 1054 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The primary concern of the American people concerning the ACA is, understandably, how this system will fit into the capitalist system that we are so very proud of and whether it will be the start of our nation moving toward complete socialism. Merriam-Webster defines socialism as “any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods”. In other words, the state controls business and commerce directly rather than through governmental regulations. Social services such as Medicare are a form of socialism in that they are administered directly by the government in order to prevent business concerns from interfering with their stated social goal. Unfortunately, in a modern democracy, business concerns have a great deal more impact. Socialized medicine could then be defined as a medical system owned and administered directly by the state without third party intervention. Currently the National Healthcare System employed in England consists of a single…

    • 1072 Words
    • 5 Pages
    Good Essays
  • Good Essays

    With what he found, he comes to a general consensus of how to go about repairing the current system by doing away with it completely. He, like many others, desires a move to a “consumer-driven” system similar to that of almost every other market with freedom of information and consumers in control of costs. In my opinion, the most effective and immediate means to implement his plan is through the use of Health Savings Accounts for individuals. With insurance in place to finance what it is truly intended for, catastrophic risk, he suggests that most all routine or non-catastrophic care be funded fully by the individual through the use of…

    • 954 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Single Payer System Essay

    • 631 Words
    • 3 Pages

    The payments for the healthcare will be funded by the savings obtained from replacing today’s inefficient ways to pay with tax dollars. According to the “Physicians for a National Health Program” they said that “95% of all households would save money with the single payer system.” (Physicians for a National Health Program) That being true I would take a lot of weight off the patient or the patient’s parent. We wouldn’t also have to worry about how we are going to pay for the services. For instance, if our elderly parent had to say in a hospital for some time and up passing we wouldn’t have to worry about taking on the bill. Finally, we would save a lot of money if the ACA adopted the single payer system.…

    • 631 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    On March 23, 2010, President Barack Obama signed the Affordable Care Act into law. The act, nicknamed “Obamacare,” is the largest healthcare reform since 1965 when Medicare/Medicaid bill was signed. Obamacare was put into place to help decrease the cost of health insurance in the United States so that everyone can have affordable and quality healthcare (Samual). “There will be a competitive insurance market and all Americans will be able to choose their insurance out of these plans. Since everyone will have access to the same care through the Affordable Care Act it helps to ensure that all Americans receive quality healthcare. Those wishing to purchase private health insurance will be able to do so and receive the same care available today (Samual).” The bill is extremely long but there are several important things that it covers and each factor has an effect on the economy and on the cost of insurance.…

    • 3286 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    The Patient Protection and Affordable Care Act also called the Affordable Care Act (ACA) was signed into law on March 23, 2010. It has been the source of many heated political debates and has been under scrutiny since its inception. Currently, 18 percent of our U.S. gross domestic product is spent on healthcare, that equals out to approximately 2.9 trillion dollars and we don’t have the quality care to show as the results. With the costs continually increasing and the lack of positive results, something has to change in our healthcare system. The Affordable Care Act is the cornerstone to help initiate these changes.…

    • 740 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The Obama care Health Insurance is one of the most controversial, and horrific idea for the United States economy. The Affordable Care Act, implemented by former President Barack Obama, has put millions of people in debt and millions people in the United States are at risk of bankruptcy. The government forces people to have health insurance even if they do not want it. Young adults are also forced to heave health insurance, even though they might not need it because of their healthy lifestyle. Some people cannot afford the costs of health insurance but they must have it according to the Act. The government will tax those who do not have health insurance because of the Affordable Care Act. The Affordable Care Act forced a multitude of big and…

    • 1275 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Pros And Cons Of Obamacare

    • 1384 Words
    • 6 Pages

    The United States is heavily watched around the world in terms of politics or any other action as it is one of the leading countries of the world. Recently, the United States caught the eye of the world in its recent debate of the health care reform. Most commonly referred to as “ObamaCare” the official name is the Patient Protection and Affordable Care Act (PPACA) or for short, the Affordable Care Act (ACA). President Barack Obama on March 23, 2010 signed the Affordability Care Act into law to reform the health care industry and it was later upheld by the supreme court on June 28th, 2012. “The goal of ObamaCare is to give more Americans access to affordable, quality health insurance, and to…

    • 1384 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    In his speeches, Obama has promised Americans that they will be able to keep their existing health-care coverage but the proposed bills tell a different story. Both bills necessitate that Americans buy approved plans that have a number of universal benefits or face penalties. Even with a five year grace period given to big employers to convert to the new plans, there will be no options if the bills are passed. Choosing what benefits are included in one’s health-care plan often times saves money that could put food on the table for a struggling family. Several states have already imposed a list of required benefits for health-care plans; everyone from “chiropractors to alcohol-abuse counselors” competes to be included on lists of required benefits (Tully). This competition is one reason health-care costs continue to…

    • 2189 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Affordable Care ACT

    • 871 Words
    • 4 Pages

    The patient protection and Affordable Care Act of 2010 (ACA) is expected to have a major impact on the financing of healthcare, principally by expanding insurance coverage to approximately 32 million of the current 50.7 million uninsured by 2014. If the goal is reached, 95% of all Americans will have health insurance (Kovner& Knickman, 2011). The Affordable Care Act will expand coverage in two key ways: expanding Medicaid eligibility and through a blend of subsidies and mandates that encourage the working class to purchase affordable insurance coverage in the private market. Medicaid eligibility rates will be expanded so that most people who earn less 133% of the federal poverty level will be covered.…

    • 871 Words
    • 4 Pages
    Good Essays
  • Good Essays

    High Deductible

    • 428 Words
    • 2 Pages

    According to healthcare.gov (2015), a high deductible plan is “A plan that features higher deductibles than traditional insurance plans. High deductible health plans (HDHPs) can be combined with a health savings account or a health reimbursement arrangement to allow you to pay for qualified out-of-pocket medical expenses on a pre-tax basis” (p.1) Many consumers prefer this method to the traditional method due to its benefits: some of the benefits associated with this health plan includes: “ lower premiums; these plans are often linked to a savings account that offers tax benefits; employers and the employee may contribute to9 these accounts to help cover medical expenses.”…

    • 428 Words
    • 2 Pages
    Good Essays
  • Better Essays

    If there is affordable healthcare that would reshape America by providing affordable, stable healthcare available for those in need then lets step up and put it in place. America is losing more money by not providing affordable healthcare and the government is making exceptions and excuses for a budget deficit that just need to be tweaked with a fine tooth comb. I think there is way too much unnecessary money flowing in the US for there to be issues with the healthcare system, such as the millions of dollars given to stars, athletes, and musicians. It does not seem ethical for one person to live in a 15 room house, own 15 cars and buy gifts 50 and 60,000.00 dollars while the government fight like hell not to provide tax paying middle-class, or retired elderly to have to struggle with such the healthcare system.…

    • 1471 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Health Care Reform Essay

    • 1651 Words
    • 7 Pages

    I believe healthcare reform is a waste of time and money but I also see that it can be beneficial to many uninsured Americans. First of all, health care costs keep rising and in 2011 the average cost for a family of four increased by 7.3% or $19,393. This is double the cost estimated in 2003, and by 2030 payroll taxes will cover only 38% of Medicare Costs and the rest will be added to our already enormous budget deficit.…

    • 1651 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Throughout the history of the United States, dissent and debate about, both the structure of the government, and the laws created by that government have been an integral part of the growth and development of the United States. Peaceful opposition to laws is one of the most important tenets of a free and just nation, however, resistance to legally passed laws is something that has been debated since the beginning of this nation. Despite this debate, peaceful resistance to laws, by people willing to accept the consequences of their actions, is an important, positive, contributor to a free society. This action, known more popularly as civil disobedience, has been throughout the history of our nation an important method of change towards a more…

    • 762 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    The Affordable Care Act (2009) and the Health Security Act (1993) were two attempts made to reform the U.S. healthcare system. In 1993 the Clinton administration fought to better the system and provide comprehensible healthcare coverage to its citizens. This bill however was shot down in the legislative system and never made it into law. Then in 2010 the Obama administration squeezed their updated version of the bill through the House and Senate in a very narrow, partisan victory. The reasoning behind why the Clinton’s attempt didn’t get passed came down to two reasons. First it was highly criticized and opposed politically. Secondly it was a matter of concerns about the actual content of the bill.…

    • 547 Words
    • 3 Pages
    Satisfactory Essays