Built-up demand for health savings accounts helped to account for a solid 2010 for J.P. Morgan’s HSA business, according to David Josephs, managing director with the company.
“I think there was a lot of standing on the sidelines in 2009 and 2010, waiting to see what happened with healthcare reform,” he says. “When that was cleared up, I think there was some pent-up demand for high-deductible health plans and HSAs, and all of that has that gotten released.”
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