Burlison's Healthcare Bill Taps Fed Interest Payments for Funding
US Rep. Eric Burlison has proposed a plan to fund his Great American Healthcare Act by redirecting $1 trillion in Federal Reserve interest payments over the next decade.
The legislation would reform the Federal Reserve's authority to pay interest on reserve balances, allowing the savings to offset the cost of implementing healthcare reforms.
Burlison claims that every healthcare proposal faces the same question: how to pay for it. He believes his bill answers this by using the savings from halting interest payments to fund its provisions.
The Great American Healthcare Act would expand eligibility to Health Savings Accounts, raise yearly HSA contribution limits, and require hospitals and insurance brokers to show real dollar prices instead of estimates.