Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
January 27, 2005
Bush Promotes Health Savings Accounts

President Bush is touting his healthcare proposal that would use tax credits for encouraging greater participation in health savings accounts, the Washington Post reports.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

Bush outlined his plan for reducing the costs of healthcare insurance at the National Institutes of Health in Maryland. He said market forces will drive down the costs of health costs, the newspaper reports.

"Health savings accounts all aim at empowering people to make decisions for themselves, owning their own healthcare plan, and at the same time bringing some demand control into the cost of heath care," Bush said. "Our view is that if you're a consumer of health care and you're in the marketplace making health care decisions, it is more likely that there [would] be more cost control in health care than a system in which the consumer of health care has his or her healthcare bills paid by a third-party provider."

Health savings accounts provide tax-favored treatment for individuals who have a high-deductible health insurance plan. Unused amounts can be rolled over for use in subsequent years.

The newspaper notes that critics contend that health savings accounts, because they must be combined with high-deductible plans, will shift the burden of higher healthcare costs to individuals who are least able to afford them.


Featured Free Resource:
Cost Per Hire Calculator
Twitter  Facebook  Linked In
Follow Us
Copyright © 2018 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: