Sure, it’s easy to save up for that cancer surgery, chemotherapy, and 30 radiation treatments. The cost of one bout with cancer probably would cost many people more than a few years annual salary. I had a cancer scare a few years ago and the chemo portion alone cost was $8,000 per day. You can imagine the final cost. Even though we have employer health insurance, the out of pocket co-pays alone were burdensome. But you just have to be a bit more frugal according to the Republican plan.
Grassley and Ernst think they have a mandate to wipe out Obamacare (ACA) and replace it with nothing they’ve thought of yet. They haven’t figured out what yet because they haven’t had enough time to think about it, apparently. Let’s face it, they are unconcerned about health care for the people or they would have a plan already.
When you contact Grassley and Ernst, don’t forget to ask if they too will be using the new GOP plan or if they will continue to enjoy actual health insurance coverage that we the tax payers are providing them.
“We all need to understand this: First, for those who are confused, the Affordable Care Act ‘ACA’ is the same thing as ‘Obamacare.'”
Now, when Trump or Paul Ryan say they want to replace the ACA with ‘Health Savings Accounts’ (HSAs), they are also saying they want to replace Obamacare or Medicare or Medicaid with YOU paying for your healthcare.
That means YOU pay for chemotherapy… YOU pay for all surgeries and hospitalization… YOU pay for all your family’s doctor visits, urgent care, ER visits, and prescription drugs out-of-our-pocket.
A Health Savings Account is just a tax-free way for you to save up money to pay for your own medical bills. So if you are paying off college loans, or saving for a house down-payment, or simply living paycheck to paycheck, guess what — a Health Savings Account does you no good, unless you have discretionary funds to deposit into it. And even if you manage to save five grand or ten grand in an HSA, that could all get wiped out in one hospital visit for you or a family member. Then you are back to square zero again.
Even if you can supplement your HSA with affordable health insurance, you will be eating away at money that you should be investing for your retirement or your kids’ college tuition.
Statistics reveal only the top 3-5% of Americans can save enough for retirement, college AND their own out-of-pocket medical expenses. Therefore, the tax benefits of HSA’s will only help those people.”
Please call your members of Congress to express your concern.
House & Senate: 202 225-3121
White House: 202 456-1111