Government statistics for inflation have confirmed what consumers already know – the cost of everything is going up, by a lot! Americans have felt the pinch at the gas pump, the grocery store, and other aspects of our daily lives. Fortunately, Health Savings Accounts offer some relief from higher inflation, and recent changes announced by […]
News from Washington Inflation Rises 8.6%, the Fastest Pace in Over 40 Years A key gauge of inflation accelerated by 8.6% from a year earlier in May, the government said June 10, a big leap from the previous month as costs for food and gasoline continued to surge. Higher prices showed few signs of relief […]
News from Washington Will Proposed Legislation Bring HOPE to Those Who Can’t Open HSAs Today? A number of legislative proposals have been drafted to address specific populations excluded from opening and funding Health Savings Accounts. Those proposals target specific groups. HOPE Accounts provide many (but not all) of these same tax and time benefits to […]
News from Washington Democrats Set to Blow Through Key Date for Moving Biden’s Agenda Democrats are set to blow through the soft Memorial Day deadline for reaching a deal with Sen. Joe Manchin (D-WV) on a slimmed-down budget reconciliation bill to raise taxes, fight climate change and lower the cost of prescription drugs. Instead, Democrats are […]
News from Washington Prices Paid to Hospitals by Private Insurers Were 224% of What Medicare Would Pay in 2020 Prices paid to hospitals during 2020 by employers and private insurers for both inpatient and outpatient services averaged 224% of what Medicare would have paid, with substantial variation in prices among states, according to a new […]
News from Washington Biden Marks 1 Million US COVID Deaths with Demand for Congressional Spending President Biden marked 1 million US deaths from COVID-19 by insisting that Congress approve billions of dollars in new spending to boost America’s pandemic response. In March, the White House asked Congress to approve $22.5 billion to pay for COVID […]
News from Washington Momentum Builds in Senate for Major Cannabis Bill Senators on both sides of the aisle are throwing support behind a proposal to tuck key marijuana banking legislation into a larger package aimed at boosting U.S. competitiveness, increasing the odds that a significant cannabis bill gets through the upper chamber this year. […]
News from Washington Sen. Manchin: Scaled-Down Bill Should Focus on Inflation, Debt Reduction Sen. Joe Manchin (D-WV), who late last year all but killed the Biden administration’s “Build Back Better” legislation, said on April 26 that any new Democratic budget reconciliation bill should be focused on combating inflation and reducing the deficit. Read More […]
News from Washington Democrats Prepare to Take Second Run at Biden Spending Plan Top Democrats and the White House are eyeing a revival of a stalled-out tax-and-spending bill as the party tries to show deliverables to voters heading into a November election where they are facing tough political headwinds. Democrats are signaling they want to […]
News from Washington U.S. Renews COVID-19 Public Health Emergency The federal government renewed the COVID-19 public health emergency on April 13, allowing millions of Americans to keep getting free tests, vaccines and treatments for at least three more months. The Department of Health and Human Services said that it will give states 60 days notice […]