I bristle when I see health savings accounts presented as a solution to the health care crisis. The median household income in the U.S. is about $64,000 a year (see https://www.census.gov/library/publications/2019/demo/p60-26...). When a single major medical procedure can result in a six-figure bill, there's just no way that the average person could ever save enough. You end up with people who are lucky enough to never need to tap their HSAs, and people who are unlucky enough to get sick, whose HSAs just present a speed bump on their slide into bankruptcy.
There's only one thing HSAs are really good at, and that's creating a huge new tranche of money for Wall Street to suck fees out of.
There's only one thing HSAs are really good at, and that's creating a huge new tranche of money for Wall Street to suck fees out of.