A big shift to health savings accounts could be a huge blow to consumer finances if current HSA contribution patterns continue.
Analysts at Vimo Inc., Mountain View, Calif., a firm that supports use of high-deductible health insurance and HSAs, have given that warning in an analysis of HSA balance data.
The analysts note that only about 20% of members of HSA-compatible plans are actually setting up HSAs, and that the average HSA balance appears to be less than 50% of the average deductible for single HSA coverage.
Meanwhile, private health insurance spending is a form of cash flow that could be viewed as a capitalized asset with a value of about $14 trillion, or about 87% of the value of the U.S. stock market,