Health Savings Accounts Are Ill-Advised
Critics of health
savings accounts counter that the plans favor the healthy and wealthy,
and can increase medical costs for everyone else by requiring people to
take out high-deductible insurance policies that kick in only after
thousands of dollars in healthcare expenses have been rung up. "Most people can't even afford to put money into the account," said
Jerry Flanagan, health policy director for Consumer Watchdog in Santa
Monica. "All the money goes into premiums and deductibles."
