OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

High-Deductible Health Plans

Date: June 9, 2010
Location: Washington, DC
Issues: Health and Health Care

Mr. FLEMING. Mr. Speaker, a recent report has shown that enrollment in high-deductible health plans associated with health savings accounts grew by 25 percent in 2009 to a total of 10 million Americans. These plans, which often provide the lowest-priced health insurance, are targeted in the newly enacted health care bill.

ObamaCare will increase taxes on HSAs from 10 percent to 20 percent and will prevent over-the-counter drugs from being reimbursed tax free from the health savings accounts. Millions of Americans rely on HSAs to cover deductibles, insurance copays, over-the-counter medications, and a plethora of other medical expenses. Furthermore, HSAs are an excellent tool to cut health care costs, while ObamaCare, itself, provides no such tools.

If you truly support health care affordability, I ask you to support my legislation, H.R. 5126, which restores the valuable tool that saves costs.


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