Prescription drug costs are under a microscope in Washington. Even in our polarized politics, decisionmakers agree on the need for reform.
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From Rep. Bera’s (D-CA) statement before the Ways and Means Committee yesterday: “I have long been a proponent of HSAs to help families save for future medical expenses just as they do for retirement or college.
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This revenue procedure provides the 2020 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code.
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Health savings accounts received record-breaking contributions in 2018 with accountholders and employers pouring $33.7 billion into HSAs, up 22% from 2017.
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The letter below that was sent to the Senate Chairman of the Budget Committee describes the almost incomprehensibly incompetent errors the Congressional Budget Office (CBO) made in scoring Republican health care reform plans and describes a laundry list of desperately needed reforms at CBO.
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The House Rules Committee held what many are calling an “historic hearing” on the Medicare for All bill introduced by Rep. Pramila Jayapal, H.R.1384. I was invited to testify and these are some of the key points I will make…
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Much has been written about high deductible health insurance plans in recent times. It’s hard to believe that just a little over 15 years ago hardly anyone had heard of a high deductible health plan.
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The idea of injecting a stronger value equation into the U.S. health care system is at the core of many discussions policymakers are having about how to fix the system and decrease costs.
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Enrollment in HSA-eligible health plans has grown significantly since HSAs first became available in 2004. In 2018, enrollment in HSA-eligible health plans ranged from 23 million to 36.8 million policyholders and their dependents.
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For the ~75 million millennials in America, health insurance doesn’t mean what it means to their parents. In truth, health insurance today is much different than it was 50 years ago, even 20 years ago. Deductibles are higher, premiums are higher and medical care is more expensive.
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The 115th Congress is remembered for the rancorous debate over Obamacare, but that doesn’t tell the full story.
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Last time HSAs were updated by congress, Nickelback was still a cool band. The year was 2006 and no, there weren’t cars with tape decks in them anymore but you take the point – this product, creature of the tax code that it is, needs some improvements.
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Let’s take a look at how Medicare covers healthcare expenses compared to what pre-retirees face.
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HSAs are becoming more mainstream. Studies suggest that over 20 million families have HSAs and total cash and investment balances are now approaching $50B…
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With the changing political tides in Washington DC and throughout the US, there is a new drum beat against the current private health care system and the evils of high deductible health plans (HDHPs) and some lawmakers and pundits have included HSAs in their rants. I believe people are making a mistake by confusing the challenges of an HDHP with the benefits of an HSA.
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Health Savings Accounts (HSA) were enacted in 2004 and remained relatively untouched until passage of the Affordable Care Act (ACA) in 2010. When the ACA passed Congress and was signed into law there were only 2 items that directly impacted HSA’s.
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Across the political spectrum, there is actually agreement that every American family should have access to an affordable safety net of comprehensive health insurance coverage.
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