Preventive Health Savings Act

Hozzl · 2024-03-14T02:14:26Z

Explore the details of Senate Bill 114 Preventive Health Savings Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Economics and Public Finance. Stay informed on legislative developments.

3/14/2024, 2:14 AM

Summary of Bill S 114

Bill 118 s 114, also known as the Preventive Health Savings Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to promote preventive health measures in order to reduce healthcare costs and improve overall public health.

The bill proposes several key provisions, including increasing funding for preventive health programs, such as vaccinations, screenings, and wellness initiatives. It also aims to incentivize individuals to participate in preventive health activities by offering tax credits or other financial incentives.

Additionally, the Preventive Health Savings Act seeks to improve access to preventive healthcare services, particularly for underserved populations and those living in rural areas. This may include expanding telehealth services, increasing funding for community health centers, and implementing outreach programs to educate the public about the importance of preventive care. Overall, the goal of Bill 118 s 114 is to shift the focus of healthcare towards prevention rather than treatment, with the ultimate aim of reducing healthcare costs and improving the overall health and well-being of the American population.

Congressional Summary of S 114

Preventive Health Savings Act

This bill requires the Congressional Budget Office (CBO), upon receiving a request from Congress, to determine if proposed legislation would reduce spending outside of the 10-year budget window through the use of preventive health and preventive health services.

If CBO determines that the legislation would result in substantial spending reductions from the use of preventive health and preventive health services, a description and estimate of the spending reductions must be included in CBO projections.

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Current Status of Bill S 114

Bill S 114 is currently in the status of Bill Introduced since January 26, 2023. Bill S 114 was introduced during Congress 118 and was introduced to the Senate on January 26, 2023. Bill S 114's most recent activity was Read twice and referred to the Committee on the Budget. (Sponsor introductory remarks on measure: CR S122) as of January 26, 2023