It's already being spent.
And does he really think the elderly can replace Medicare coverage for $5000 a year?
Apparently so.
Does your insurance cost $5000 a year? (that's $416 mo) Catastrophic care with an HSA would be less.
About that, with my company picking up 80%. But you have to remember that's $2000 or $5000 per year for all costs; premium and deductible and prescriptions and all the rest. Also I'm not a 70 year old with cancer and diabetes, or an 85 year old with Alzheimers. You really think their coverage would be that low?