Certain demographic groups are using health savings accounts in a way that may reinforce and exacerbate existing health inequities, according to a new report.
The former groups tend to contribute less money to HSAs, have smaller balances and invest these funds less often — dynamics that may reinforce and exacerbate health inequities already present along racial, gender and income lines, according to the report.
"To the extent that those enrolled [in high-deductible health plans] do not also enroll in HSAs, do not take full advantage of the tax benefits HSAs offer or do not save a sufficient amount, they may find it more difficult to pay for medical expenses, and may delay necessary care or forgo it altogether," he wrote."Delaying or forgoing care has deleterious effects on health.
Instead, it's largely due to contributions: White savers contribute $1,806 to their accounts on average each year, a sum that eclipses that of Black and Hispanic savers by $494 and $412, respectively. The report didn't elaborate on broader socioeconomic factors at play. But the data reflect broader wealth and income disparities among Americans.to the Federal Reserve. By comparison, Blacks held 4% and Hispanics 2.5%.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Here’s Why The Ricketts-Led Bid For Chelsea May Have An EdgeAn all-cash bid is attractive, but there's more behind why the Ricketts-led group may have an edge in the bidding war for Chelsea.
Baca lebih lajut »
The Intelligence Trap: Being Smart Can Be a Liability4 ways that having high intelligence can actually backfire—especially at work, writes ifoundmo
Baca lebih lajut »
Ex-FDA Chief: These Are The 2 Most Important Times To Mask Up On A PlaneThe mask mandate is likely going to end in early May. Here's when you still may want to wear one on a plane.
Baca lebih lajut »
State of Black America being called 'grim,' according to National Urban LeagueA report from the National Urban League highlights inequities in Black America that are contributing to the health, wealth and education gap.
Baca lebih lajut »
Ex-Google CEO Eric Schmidt on the world's biggest problem: 'If we don't address climate change, we really will be toast'Ex-Google CEO Eric Schmidt on the world's biggest problem: 'If we don't address climate change, we really will be toast' (via CNBCMakeIt)
Baca lebih lajut »
‘It Was a Ship of Dreams’: Why the ‘Titanic’ Still Piques the World’s Imagination 110 Years After SinkingToday's anniversary of the world's most famous passenger liner tragedy shows the mystique of the 'Titanic' will never die. Here's why.
Baca lebih lajut »