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Archive for the 'HSAs' Category
House Oversight and Government Reform Committee Chairman Henry Waxman (D-CA) and House Ways & Means Health Subcommittee Chairman Pete Stark (D-CA) chose to release a report they requested from the General Accountability Office on the same day as the AHIP survey was released, even though the report was delivered to the Chairmen on April 1. The Chairmen's press release, seeking to throw cold water on the otherwise solid numbers from AHIP, says the report shows that HSAs are used more often as a tax shelter by wealthy individuals rather than as a mechanism to help working families obtain needed health care.
America's Health Insurance Plans (AHIP) just released its 4th annual survey of Health Savings Account plans. As of January, 2008, more than 6.1 million Americans are covered by Health Savings Account (HSA) insurance plans, a 35 percent increase over last year and almost double the number in 2006.
See Roy Ramthun summary and comments by Uwe Reinhardt and me.
An update by Roy Ramthun on the House Ways and Means assault on HSAs is attached as a comment. Joint Tax Committee says the new rule change will have a big impact on CDHC plans. Refuses to say why. Members voted on the new rules without knowing what difference they would make. Other comments also attached.
[This article is a continuation of the previous FYI: A Bad HSA Idea]