Read time: 2 minutes

Obama Asks Barrasso If He Would Feel The Same Way About Catastrophic Care If He Made $40,000 A Year

President Obama took Sen. John Barrasso to school during the Health Care Summit on why health savings accounts won't work for those who are not wealth
Views:

President Obama took Sen. John Barrasso to school during the Health Care Summit on why health savings accounts won't work for those who are not wealthy enough already to put some savings aside. From TPM -- Obama Takes Dr. Barrasso To Medical School:

"Would you be satisfied if every member of Congress just had catastrophic care--you think we'd be better health care purchasers?" Obama asked Barrasso. "I mean, is that a change you think we should make?"

"I think actually we would," Barrasso responded. "We'd really focus on it. We'd have more, as you say, skin in the game. And especially if they had a savings account--a health savings account--they could put their money into that, and they'd be spending the money out of that."

Obama's retort left Barrasso speechless:

"Would you feel the same way if you were making $40,000. Or if that was your income. Because that's the reality for a lot of folks," Obama said.

As usual, the Republicans' great ideas for health care "reform" is for everyone to pull themselves up by their own bootstraps, even if those bootstraps are nonexistent. Families USA has a great list of articles as to why these health savings accounts are a really bad idea for anyone who is not already wealthy.

HSA's: Shop While You Drop?:

Health Savings Accounts (HSAs) are being promoted by President Bush and conservatives in Congress as a way to bring down spiraling health care costs. Only if consumers have "skin in the game," they argue, will Americans start to shop around for cheaper health care.

HSAs are tax sheltered savings accounts coupled with high-deductible health insurance policies, and they have serious drawbacks. For many health consumers, HSAs will increase out-of-pocket costs—and complexity.

And here's what they won't do: They won't bring down health care costs and they won't make a dent in the number of Americans without health insurance. This resource center pulls together a range of materials looking at the limitations of Health Savings Accounts.

Check out the articles linked there for much, much more on the topic.

Can you help us out?

For 17 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team