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1 H.R. 3708, Primary Care Enhancement Act of 2019, as Ordered Reported by the House Committee on Ways and Means on October 23, 2019 1 (October 31, 2019)

handle is hein.congrec/cboprmcr0001 and id is 1 raw text is: 




j   Congressional Budget Office

        Cost Estimate


October 31, 2019


By Fiscal Year, Millions of Dollars      2020                 2020-2024               2020-2029

Direct Spending (Outlays)                    0                        0                       0


Revenues


-36


Increase or Decrease (-)
in the Deficit


-528


-1,764


528


1,764


The bill would
  * Allow individuals who participate in direct primary care service arrangements to contribute to tax-exempt
     health savings accounts (HSAs)
  * Define direct primary care service arrangements to exclude those involving certain procedures and services,
     or those exceeding specified payment thresholds




Estimated budgetary effects would primarily stem from
  * An increase in tax-deductible employee contributions for newly eligible HSA participants
  * An increase in contributions excluded from income and employment taxes made on behalf of employees
     newly eligible to participate in HSAs


The Congressional Budget Act of 1974, as amended, stipulates that revenue estimates provided by the staff of the
Joint Committee on Taxation (JCT) will be the official estimates for all tax legislation considered by Congress. As
such, CBO incorporates those estimates into its cost estimates of the effects of legislation. All of the estimates for
the provisions of H.R. 3708 were provided by JCT.




                                Detailed estimate begins on the next page.





                   See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437;
  How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.govipubi cationi42904.

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