Michael Burgess: “another 2-year anniversary that we observed this week is the passage and signing of the Medicare Modernization Act. A…”

“another 2-year anniversary that we observed this week is the passage and signing of the Medicare Modernization Act. A part of that act which really has not received the notice that it deserves is the part that expanded health savings accounts to more Americans. A lot of the restrictions were removed, and these changes allowed more people to be covered by health savings accounts that resulted in more coverage, coverage for people, and more choices for those people with insurance products. Mr. Speaker, I know this, because I had this before coming to Congress, and at that time there were only two companies that offered MSA-type coverage in my State. Now, the field has grown so that many companies offer coverage, and the prices for health savings accounts have dramatically reduced in my area. Today, Chief Deputy Whip Cantor is going to be introducing a bill that is going to remove some more restrictions that will allow for the adaptability for what are called flexible spending accounts and health reimbursement accounts so they can more seamlessly interact. This is good legislation, and I urge my colleagues to look into it. ____________________”