The top-ranking Democrat on the Senate side of the Joint Economic Committee says expanding the health savings account program would do little to help ordinary Americans cope with cuts in Affordable Care Act coverage expansion programs.
Sen. Martin Heinrich, D-N.M., makes the case against seeing HSA expansion as a substitute for ACA coverage expansion programs in a response to the House Republicans' American Health Care Act proposal.
The AHCA proposal would wind down the ACA Medicaid expansion program and replace the income-based ACA premium tax credit with an age-based premium tax credit. Drafters have tried to compensate for that by letting people contribute more to HSAs. Lawmakers could propose additional HSA program expansion provisions as the proposal makes its way through the House and the Senate.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
