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To: rellimpank
I know the inside story on this bill. It was proposed by a self-interested administrator (Evolution Benefits) who pays FSA claims. They wanted a piece of the $8 a month in fees they would get from everyone with an existing HSA. Many HSA enrollees currently pay nothing, as well as collect interest in their funds (I get about 5%, with no fees). This adds tons of extra hassle and expense for everyone, and ONLY claim administrators and Dem controlled congress makes out.

Late last week, Evolution Benefits reversed position and no longer supports the proposed law because of industry/enrollee outrage and anger from nearly everyone else. However, it was too late. Congress wants the $2 billion they stand to make off the increased hassle and lower enrollments in money saving HSA plans. This is NO documentation of abuse of any kind with existing HSA’s, NONE, NADA, ZIP.

Ironically, nearly every congressional office has enrollees in HSA plans through the Federal benefits program. It is very popular with penny-pinching, underpaid D.C. staffers.

Congress has absolutely no problem with screwing up the only thing that saves money in private healthcare for a few bucks. They really want to force us all into higher levels of dissatisfaction in the hopes we will demand single payer.
Their hypocrisy goes beyond even what I had ever imagined.

14 posted on 04/19/2008 3:04:28 PM PDT by Wiseghy ("You want to break this army? Then break your word to it.")
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To: Wiseghy

This is an outrage of the first order - and surely all those using HSA’s should find this out and protest!!! Directly to these stupid Congresspeople’s offices....and appeal of course for a veto to President Bush....

He will veto it, I am sure....but he must hear about it.


17 posted on 04/19/2008 6:58:06 PM PDT by Freedom'sWorthIt
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