America's Health Insurance Plans (AHIP) just released their annual report on Health Savings Accounts (HSAs). The 32 percent growth rate of HSAs in 2008 was very similar to the growth rates in 2006 and 2007. Assuming that rate continues, there will be 32 million Americans in HSAs in 5 years and 128 million in 10 years.
HSAs are exploding in popularity, yet many (a majority?) in Congress want them dead. Stay tuned…
Think for a moment about how other large businesses operate in the modern world. FedEx and UPS track a combined 23 million packages each day in real time. You can go online, for free, and track the movement of your item from pickup to delivery. Exceedingly rare are stories of FedEx or UPS losing packages or about how those companies are rife with fraud.
Large, sophisticated retailers in the supermarket, clothing or auto parts industries can tell you every night how many cans of soup, pairs of pants, or spark plugs they sold that day in every one of their facilities all over the world.
