Health Savings Account Blog

Action is also is expected on a measure sponsored by Rep. John Shadegg (R-Ariz.) that would make it easier for insurers to expand sales of health care policies into additional states. Basically, this proposal would remove the ability of states to regulate their own health insurance laws. (Once again, the Republicans show that they tend to be for states rights more when they are not the ruling party. Once they’re in power (either party, that is), they want to take control away from the states, and put it in the hands of Congress.)

The House may also consider a proposal (HR 1872) to expand health savings accounts for small businesses. This bill would make high deductible health insurance plans tax deductible for individuals. Currently businesses can deduct health insurance as a business expense, but individuals get no tax break when they purchase their own health insurance. This bill would also provide a refundable credit to businesses that help fund their employee’s health savings accounts.