Health Savings Accounts as Antidote to Obamacare

Supporters of the Affordable Care Act have heralded the recent slowdown in health-care spending as evidence that the law is working. Unfortunately for them, Obamacare has nothing to do with the trend.

Economists have argued that the slowdown can be explained, in good measure, by the sluggish economy and consumers bearing greater financial responsibility for their health-care decisions. In fact, President Barack Obama’s signature law is impeding progress on health costs.