VISION FOR THE FUTURE
Health Savings AccountsSomething magic happens when people spend their own money for healthcare. A high deductible health insurance plan coupled with a tax deferred savings account means less cash outlays for premiums. And if correctly done, those dollars remain available for medical expenses. Patient costs come down.
Making Premiums Tax DeductibleTreat people equally. In the large group market, there is tax preference for an employer to purchase insurance for an employee. We should also confer a tax preference on an individual buying in the individual market.
CompetitionTo lower costs, patients should be able to buy across state lines. In the individual market, competition and lower premiums includes being able to buy across state lines. If we can buy across state lines to save 10% in 10 minutes or to shop online for life insurance quotes, we should be able to do the same with health insurance.
One critical part of this movement is to recruit and support medical professionals who can bring their knowledge of the healthcare industry to elected offices.
“I practiced for 25 years before I was elected to Congress in 2002. As an OB-GYN, I often thought Congress had no real understanding of my patients and my practice. So, I made the difficult decision to put my medical practice on hold so I could help represent our nation’s physicians, healthcare professionals, and patients in D.C. I encourage you to consider doing the same. The country needs your voice.” – Dr. Burgess