From ObamaCare to TrumpCare: The “Fresh Hell” Of Health Savings Accounts

Speculating on what ObamaCare replacement bill the House Republican caucus will or should or might emit next week is a waste of time, despite the entertainment value of watching Republicans struggling to find ways to make a bad Republican plan — ObamaCare — even worse. [1] So I won’t join the fevered speculation. Instead, I’ll look briefly at a disgraceful piece of political theatre that took place yesterday, and then I’ll look at a really bad, neoliberal idea — sorrry for the reduncancy: Health Savings Accounts (HSAs). In his State of the Union Address, Trump said: “[W]e should help Americans purchase their own [health insurance] coverage through the use of tax credits and expanded health savings accounts.” I get griping in the guts when I think about tax credits — you can use ObamaCare’s tax credits in advance, which I doubt the Republicans will continue to do — so this post will be about HSAs. But first, the political theatre!

– Naked Capitalism

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