"Voluntary personal savings accounts would enable future retirees to harness the power of the marketplace when saving for their retirements"

In this quote, Bill Frist is suggesting the implementation of voluntary individual cost savings accounts as a method for individuals to conserve for their retirement. He thinks that by making use of these accounts, future retirees will have the opportunity to benefit from the marketplace and its capacity for growth. This indicates that by investing their savings in the market, individuals can potentially make higher returns on their cash compared to traditional cost savings approaches. Frist is emphasizing the value of taking control of one's own retirement cost savings and using the power of the market to protect a comfortable future. This quote highlights the prospective benefits of personal responsibility and tactical monetary preparation for retirement.