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Americans For Prosperity Americans for Prosperity (AFP) and Americans for Prosperity Foundation (AFP Foundation) are committed to educating citizens about economic policy and mobilizing those citizens as advocates in the public policy process. AFP is an organization of grassroots leaders who engage citizens in the name of limited government and free markets on the local, state and federal levels. The grassroots members of AFP advocate for public policies that champion the principles of entrepreneurship and fiscal and regulatory restraint.

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AFP Endorses Bill to Expand Health Savings Accounts

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Unread 01.14.20, 11:10 PM
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AFP Endorses Bill to Expand Health Savings Accounts

01.14.20 02:53 PM

ARLINGTON, Va. – Americans for Prosperity (AFP) today endorsed the Personalized Care Act (S. 3112 / H.R. 5596), legislation that would empower patients by substantially expanding the number of Americans who may own a tax-free Health Savings Account (HSA), how much money they can save annually in one, and the range of medical services those HSA savings can purchase. AFP Senior Health Policy Fellow Dean Clancy issued the following statement: “This important legislation would help reduce health care costs and make life better for families by vastly expanding the reach and impact of tax-free HSAs, which put more health care decisions in the hands of patients. *The bill would also allow Americans to save more for chronic conditions later in life. “HSAs represent the most generous form of tax-favored savings out there, and besides helping with out-of-pocket costs they can also provide elderly Americans with an additional buffer against the high cost of medical care in retirement. A strong body of research shows Health Savings Accounts help reduce overall medical costs by helping patients become better shoppers for value. We commend Senators Ted Cruz and Mike Braun and Congressman Chip Roy for introducing this exciting legislation and encourage their colleagues […]

The post AFP Endorses Bill to Expand Health Savings Accounts appeared first on Americans for Prosperity.

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