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*yawn* not-so-groundbreaking news

January 9th, 2007

by Nick Jacobs

Under the heading of "Dah" we get this phenomenal piece of information.

Is it possible that the information below could be true? Is it possible that HSAs would be under funded? Is it conceivable that this plan to underwrite healthcare costs may not produce viable results? Looks like there's plenty to do for the new Congress.

From AHA News now:

Report shows low corporate contributions to HSAs
A report released yesterday by Vimo.com, a Web site that offers health care cost comparisons, show a significant gap between the number of people enrolled in high-deductible health plans and the number of people that hold a health savings account. According to the report, only one-third of consumers eligible to open tax-free HSAs have done so, and funds on deposit in the average HSA are half of the amount needed to cover the typical annual health plan deductible for these consumers. While normal spending on medical expenses can explain some of the low HSA balances, the report said, the low average balance nationwide suggests a general trend of low, or no, HSA contributions from employers.

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