HSA changes will ease Obamacare’s sticker shock

Published July 12, 2018 9:05pm ET



Congressional Democrats desperately want to blame Republicans for spiraling health insurance premium increases in the Obamacare program. Most analysts predict that the cost of Obamacare health insurance plans will increase by 10-20 percent in 2019, with the sticker shock letters dropping in mailboxes just before the election. Double digit increases are nothing new to the 12 million or so individuals and families trapped in Obamacare, but Democrats are hoping that voters can be convinced that President Trump and congressional Republicans somehow “sabotaged” the program. That would, Democrats hope, serve as the blame for this year’s annual spike in premiums, an increase which has occurred yearly since Obamacare was signed into law.

That’s why on Tuesday, the House Ways and Means Committee advanced a series of bills to expand health savings accounts and thereby give direct assistance to families suffering from Obamacare price spikes. Among these bills is H.R. 6314, the Health Savings Act of 2018, sponsored by Rep. Michael Burgess, R-Texas. Dr. Burgess’ bill would allow any person or family enrolled in a “bronze” or a catastrophic Obamacare plan to make an HSA contribution.

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