Why health savings accounts are a bust for the poor but a boost for the privileged
July 16, 2017
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(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...