Health savings accounts
Since conservatives are scorching the paint off the walls denouncing the House and Senate health care bills, do they have an alternative? The libertarian Cato Institute advocates health savings accounts as a free market alternative. Newt Gingrich also advocates health savings accounts.
Health savings accounts (HSAs) became legal in 2004, although they are limited to owners of insurance policies with high deductibles. Millions of Americans now have them, although in most cases they came with an insurance policy chosen by their employer.
