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May 04, 2005

Federal Workers not Excited For Bush "Health-Savings Accounts"

Out of 8 million eligible Federal workers only 5000 have signed up for Health-Savings accounts being touted by Republicans as a way to hold down healthcosts reports todays Wall Street Journal:

In the federal program, the government pays roughly 75% of health-insurance premiums and employees pay 25%. Workers, retirees and their dependents choose from a menu of private insurance plans. HSA plans in the program have premiums that are close to those of more-popular plans, but a portion of the premium is passed through from the insurer to the worker's account each month.

May 4, 2005 in Healthcare | Permalink


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