The Congressional Budget Office (CBO) has provided a definitive score (essentially how much a bill will cost) for the Personal Health Investment Today (PHIT) Act (H.R. 956). The bill was scored at an estimated cost of $2.5 billion dollars over 10 years.
Passing the PHIT Act would make physical activity (like sports leagues, equipment and club memberships) more affordable through the use of a pre-tax health spending account.
The wisdom behind PHIT is that it creates a tax incentive to invest in preventative healthcare before costly treatment is necessary. Currently, Americans are able to use pre-tax accounts to pay for prescriptions, doctor visits and other expenses related to the treatment of illness and medical conditions.
Learn more at IHRSA.org/PHIT.
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