On the recordJune 19, 1996
medical savings accounts have become a focal point for this whole debate over the health care reform. MSA's are a new approach, but they do have a proven track record. A recent study by researchers at Cleveland State University prove the effectiveness of MSA's. They studied 27 Ohio firms of less than 200 employees. The average employee had lower out-of-pocket costs--as much as $1,355 per family. The firms themselves saved an average of 12 percent a year without passing on the savings to their employees. Mr. Speaker, as of last year, 17 States have passed MSA laws, another 11 are considering them, and another 11 have called on Congress to enact MSA's. Even the United Mine Workers offers MSA's to its members. Let us join the trend toward serious, workable health care reform; let us follow the lead of the States and enact the kind of reforms that have a proven track record.
Source
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