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Right now, many in Congress are hoping to expand government subsidies for health insurance, including major expansions of Medicaid and Affordable Care Act subsidies.
Some of these lawmakers argue that more spending is a good answer to inflation because the additional money will help make it easier for people to afford health care.
But that gets the problem exactly wrong.
Tax-free health savings accounts save money, reduce medical inflation, and give patients more choice and control. Expanding access to HSAs is key to reducing medical inflation and giving Americans more personalized options in health care.
In short, instead of wasting trillions on a poorly conceived and dangerous “infrastructure” plan, we should give Americans a health care personal option.
Under the guise of infrastructure, Senator Bernie Sanders (I-Vermont) and his allies are plotting the biggest expansion of government-run health care since the Affordable Care Act (ACA, a.k.a. Obamacare).
American medicine, with its top-notch doctors and state-of-the-art innovations, is capable of providing some of the best care in the world. Unfortunately, it is often saddled with burdensome state and federal regulations that can make care difficult for patients to access.