What are health savings accounts (HSAs)? How might they reduce the overconsumption of health care resulting from traditional insurance? How might they introduce an element of price competition into the health care system?

Phlebotomy Essentials
6th Edition
ISBN:9781451194524
Author:Ruth McCall, Cathee M. Tankersley MT(ASCP)
Publisher:Ruth McCall, Cathee M. Tankersley MT(ASCP)
Chapter1: Phlebotomy: Past And Present And The Healthcare Setting
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What are health savings accounts (HSAs)? How might they reduce the overconsumption of health care resulting from traditional insurance? How might they introduce an element of price competition into the health care system?

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Introduction:

A variety of care can be provided by Health Insurance and premiums for individual services may be covered in whole or part. Benefits may be the right to certain preventive care or the insured's coverage of the medical expenses stated.
The main general aspects of most health care policies include the provision of advance rates or fees, pooling of funds and allowances on the basis of payments or employment.
Health insurance provides any or part of the health benefits listed under an insurance program or statute with the use of taxes paid to the general fund.

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