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Publication Date: September 2004
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Edwin Park; Robert Greenstein
Research Area:
Keywords: Economic projections; Federal budget; Health insurance; Income diversity
Type: Report
Abstract:
On May 10, 2004, the Center on Budget and Policy Priorities (Washington, D.C.) issued an analysis of a proposal in the Administration’s 2005 budget to provide a tax deduction for the premium costs of high-deductible health insurance purchased in the individual health insurance market in conjunction with Health Savings Accounts (HSAs). The analysis presented the findings of M.I.T. economist Jonathan Gruber, who is widely regarded as one of the nation’s leading health economists. Gruber’s analysis found that because the deduction would lead some employers to drop coverage, it would likely cause the ranks of the uninsured to increase. Gruber estimated that the increase in the ranks of the uninsured would be nearly 350,000.