Do you know what insurance is? Insurance is a mechanism to protect yourself from financial catastrophe caused by a very rare event (a house fire, let’s say).
Only when you restructure insurance, the way we have with medical insurance, to turn it into something like a pre-paid service plan, does something like a Health Savings Account start to make sense.
It’d be like fire insurance starting to cover fixing the plumbing, and then coming along with a “House Saving Account” that you could use to pay for sidewalk shoveling (but was also supposed to cover a new giant deductible when your house did burn down).
Health Saving Account, one of those movement-conservative notions based on the premise that everyone should have the “freedom” to be driven into bankruptcy by unforeseen circumstances.
Source: The Senate Only Just Realized That We’re in a Health-Care Crisis