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Statement on Health Savings Accounts and Consumer-Driven Health Care

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AHIP
May 19, 2008

Submitted to the
House Committee on Ways and Means
Subcommittee on Health

May 14, 2008

I. INTRODUCTION

America’s Health Insurance Plans (AHIP) is the national association representing approximately 1,300 health insurance plans that provide coverage to more than 200 million Americans. Our members offer a broad range of health insurance products in the commercial marketplace and also have demonstrated a strong commitment to participation in public programs. The innovative products offered by our members include high-deductible health plans (HDHPs) that are compatible with Health Savings Accounts (HSAs).

We appreciate this opportunity to comment on HSAs and their role in providing more Americans with access to high quality, affordable health care coverage. This innovative approach to health care financing is helping a substantial number of previously uninsured consumers purchase coverage, receive preventive health care services, accumulate savings for their future medical needs, and take a more active role in making decisions about their health care.

Our statement focuses on three broad topics:

* the current state of the HSA marketplace, including the findings of a census we conducted in January 2008 and other data showing the value HSA products offer to consumers;

* legislative issues, including opportunities for further improving HSAs and our concerns about pending legislation that would impose duplicative requirements on individuals and families who haveHSAs; and

* the importance of promoting transparency in health care prices and quality to help HSA account-holders and other consumers make informed health care decisions.

Read the complete statement (59 KB PDF).


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