Health Savings Account Blog

Health Savings Accounts Contact Us

GET AN
INSTANT QUOTE
Compare Your HSA Options Today!

« Bush's Health Savings Account Push | Main | Health Savings Accounts need focus on Price and Quality »

February 09, 2006

President Bush Calls for Price Transparency

Yesterday, President Bush spoke in New Hampshire about his 2007 Budget proposal. Here is a portion of the discussing he had on Price Transparency which will benefit all Health Savings Account owners:

"I've talked about health care and the importance for us to have a health care system that takes care of the elderly and the poor, but a health care system that strengthens the relationship between doctor and patient; a health care system that provides transparency into pricing; a health care system that uses information technology to bring the medical profession into the 21st century.

You know, some are going to say, what do you mean by that? Well, I mean, when you're writing your files by hand, it means you're not in the 21st century. And since most doctors can't write too well, there's a lot of information that didn't pass.

I've talked, as well, about the need to get legal reform in the medical industry. Look, we've got too many lawsuits, pure and simple. We've got a real problem in the country because docs and hospitals are getting sued. A lot of good docs are being driven out of business. I said an appalling -- a statistic that I think is appalling in my State of the Union. Do you realize there are 1,500 counties in America without an OB/GYN? And that's wrong. And one of the reasons that's happening is because there's too many lawsuits driving good docs out of practice. We need a medical liability system that is fair to medical providers in the United States of America.

When I first went to Washington, I thought it might be a state issue. And then I realized that all these lawsuits are causing doctors to practice defensive medicine, as well as running up premiums, which costs the federal government a lot of money. And so I've decided this is a national issue that requires a national response. And the United States Senate needs to be pass medical liability reform this year.

Part of our plan for a patient-doctor system, one that gives you choices to make and counts on you for making rational choices, is to expand health savings accounts, and make sure that individuals and small business employees can buy insurance with the same tax advantages that people working for big businesses now get. And we're going to make sure those health savings accounts are portable. One of the things about our economy, which is interesting, is that there's a lot of turnover when it comes to jobs. People are changing jobs a lot, which creates uncertainty. And one way to deal with that uncertainty, to bring certainty to people in the workforce, is to make sure they can carry their health savings account with them from job to job, so they don't fear losing their health insurance.

So I've got a lot of ideas on health care that I'm going to be talking to the nation about in the coming weeks."

We are very encouraged with the path to health care reform the president is taking. With help from Congress, health savings accounts can be a viable options for anyone. We urge you to write your congressman to support the presidents initiatives.

GET AN
INSTANT QUOTE
Compare Your HSA Options Today!

Wiley Long, President of HSA for America is passionate about saving Americans money on their healthcare and taxes. If you are looking to save money on your healthcare, learn more about HSA Insurance or get an instant HSA Insurance Quote so you can compare different HSA plan options from many different insurance companies. We also offer information on Medicare Supplement insurance for seniors.

Posted by Wiley Long at February 9, 2006 09:37 AM

Comments

For pricing transparency in healthcare industry, doctors need to enroll in www.doctorpricing.com.

Posted by: Austin Trombley at July 26, 2006 02:57 PM

Post a comment - All comments are reviewed by an editor before being posted - NO SPAM ALLOWED!




Remember Me?