In its final flurry of activity for the year, Congress passed a bill to allow unlimited contributions to Health Savings Accounts.
This will do more immediately for the stock market than it will for reforming healthcare in America, though that may not be all bad. If you have some money you want to tuck away in a tax-advantaged account, the HSA is going to be a new way to do it.
Creating new and better ways for people to invest more in equities is good for America. The Ownership Society is one that is less likely to fall for socialist utopian schemes like government-run healthcare. As more and more Americans come to own stocks, the mostly-Democrat plan to kill America's healthcare system might get harder to sell.
