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Mixed Reviews for New Medical Savings Accounts
Washington AP reports mixed results from medical savings accounts MSAs as a test for self employed and small businesses. By June 22 051 Americans had opened MSAs of whom about 3670 were previously uninsured. Some households use MSAs to cover routine costs while keeping a separate insurance plan. Critics warn MSAs riskier and may drain funds from broader health programs. Proponents argue MSAs test if individuals can spend their own money wisely to improve care. The article notes government cost concerns and examples from Idaho Ada County where MSAs affected insurance subsidies.
MENTIONED IN THIS ARTICLE
Washington
Hicks
Florida
Congress
Internal Revenue Service
Heartland
Olson
MSA
Agricultural Research Company
Eric Berger
House
Ada
Johnson
Congressional Budget Office