Consumerism is changing the face of American health care. Sounds good, but so what? What can consumerism do to help me? If you are an employer, it may be the difference between your company’s profit and loss. By definition, consumerism measures the effectiveness of Consumer Driven Health Plans (CDHPs), comprised of Health Savings Accounts (HSA) and Health Reimbursement Accounts (HRA). Is one better than the other?

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The latest data on increasing healthcare costs show a 3% overall increase in family health insurance premiums in 2010, but an increase in the employees’ share of those costs amounting to 14%. These data do not include employer contributions to Health Savings Accounts, which can have an important modifying impact on this trend.

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The Department of Labor is going paperless with the filing of Form 5500s. Here are some things that you should know…

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For a while there, the prospects for HSAs under health reform were not looking very good. In the end, there were a few incentives taken away but not too bad. On balance, we did fine and the future looks good. Read more….

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On March 1, 2010, Indiana Governor Mitch Daniels wrote an opinion column for the Wall Street Journal called Hoosiers and Health Savings Accounts. We support Gov. Daniels in his advocacy for consumer driven healthcare in general and Health Savings Accounts (HSAs) in particular. Why? Because there is compelling evidence that 30% of what we spend on healthcare in this country is wasted—the Congressional Budget Office (CBO) calls it overuse, underuse, and misuse of health care in the United States. Gov. Daniels and the State of Indiana are finding solutions and setting an example for the rest of the country, so let’s see what we can learn from their experience.

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