Alva Review-Courier -

By Simon Haeder
West Virginia University 

Why health savings accounts are a bust for the poor but a boost for the privileged

 


(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)

(THE CONVERSATION) When Senate Majority Leader Mitch McConnell released his new version of the Republican health care bill July 13, he relied on a favorite Republican device to solve the nation’s health care woes – Health Savings Accounts.

Health Savings Accounts (HSAs) were established by the same legislation that created the Medicare Part D prescription drug benefit in 2003. HSAs allow individuals to make tax-deductible contributions, withdraw money tax-free to pay for qua...



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