Property News · July 25, 2017

Good for the rich, bad for the poor: Trump’s healthcare plan is a lot like his tax plan


Republicans believe a health savings account will benefit many Americans. But what applies to big-screen TVs doesn’t apply to cardiac surgeryAmid all the yelling and screaming over the future of US healthcare, it’s not surprising that the points on which Trump, his party and even some Democrats agree on have gone largely unnoticed. And yet chief among them is a product that is likely to feature in any future legislation proposing a replacement insurance system, or that could well end up surviving as an independent, standalone idea if the broad legislation fails. Sadly, it’s a product that for many people just doesn’t work.It’s called a health savings account, or HSA, and if you haven’t heard much about it before, you’ve got plenty of company. HSA accounts have grown at a rate of about 25% a year – there were only about 18.2m accounts open as of last summer, according to one specialist consulting firm. But the HSA simply doesn’t fit with the way the vast majority of Americans’ approach to managing their healthcare spending or even their personal finances. And all the wishing, wanting and hectoring on the part of Republicans is unlikely to change that any time soon. Continue reading…

Source : theguardian.com
Read more…Good for the rich, bad for the poor: Trump’s healthcare plan is a lot like his tax plan

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