In fact, in 1996 the Congress passed, and President Clinton signed, legislation that made MSAs a legitimate tax-favored insurance product — if only on a limited, experimental basis. While Congress put a cap of 750,000 MSA policies into the law, to date something around 100,000 have been sold. So far, the MSA experiment has largely been a flop.
Tag : health insurance
During his presidential campaign, Steve Forbes seemed to have a “one-answer-fits-all” health policy solution. The single answer was medical savings accounts, or MSAs.
Many Republicans, including George W. Bush, John McCain and a number of Republican congressional leaders, point to MSAs as at least a partial solution to the problems of affordable access to healthcare and giving the patient/consumer more control over the healthcare system.