Great American Healthcare Plan
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Great American Healthcare Plan aims to increase health savings account (HSA) contributions, improve hospital and insurer price transparency, and expand access to cancer and complex therapies. It proposes higher contribution limits for HSAs, particularly for older individuals, allows for contributions to HSAs for healthy food and fitness expenses, and treats HSA rollovers as retirement fund rollovers. The bill also introduces a health marketplace pool system, strengthens hospital price transparency requirements for laboratory tests and imaging, and addresses access to cancer and complex therapies. Finally, it expands the use of HSAs for certain medical expenses incurred before account establishment.
Key provisions
- Increases HSA contribution limits, including higher amounts for individuals aged 50 and older.
- Allows HSA contributions for healthy food, vitamins, dietary supplements, and sports/fitness expenses.
- Treats HSA distributions as equivalent to retirement fund rollovers.
- Creates a health marketplace pool system to provide group health plans and coverage.
- Strengthens hospital price transparency requirements for clinical diagnostic laboratory tests and imaging.
- Expands access to cancer and complex therapies through manufacturer rebates and expanded access prescription drugs.
- Permits rollovers from health care FSAs and HRAs into HSAs.
- Allows charitable contributions to HSAs.
Who is affected
- Individuals with health savings accounts
Bill text
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Sponsors
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15 on record
Primary sponsor
Cosponsors
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