A Boom in Health Savings Accounts Can Save Our Health System

Health dreamstime l 50398681

Health Savings Accounts have been a central component of free-market health policy for decades. But most Americans, especially those of modest means, don’t have one of these savings vehicles, which allow people to set aside money for medical expenses on a tax-advantaged basis.

A bill introduced last week by Reps. Greg Steube, R-Fla., and Kat Cammack, R-Fla., could change that. The ACCESS Act allows people to accept federal contributions to an HSA in lieu of reduced cost-sharing for insurance purchased through an exchange.

The reform would bring the benefits of HSAs to millions more Americans while injecting more choice and competition into the health sector.

Read the full article at Newsmax

Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.

Scroll to Top