[Congressional Record Volume 145, Number 149 (Thursday, October 28, 1999)]
[House]
[Page H11072]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
EMPOWER HEALTH CARE CONSUMERS
(Mr. ROYCE asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. ROYCE. Mr. Speaker, currently employers and employees can set
aside pre-tax money that can be used for out-of-pocket health care
expenses and co-payments and deductibles, and these are called flexible
spending accounts. There is a problem in the current law, Mr. Speaker,
and that is, if our constituents use these accounts and they do not
completely use them up at the end of the year, that money reverts to
the employer.
I have a bill, H.R. 3034, that would fix this use-it-or-lose-it
provision and would allow this to be rolled over from year to year; and
basically under my legislation, which I hope the House will pass,
$3,000 annually can be put into these accounts. This would help
portability. In other words, these accounts can go from job to job as
employees change jobs. It would boost consumer choice because one would
not be locked into the current health insurance plan. They could use
this money at their own discretion. It would help the doctor-patient
relationship by empowering consumers to make their own decisions about
their own health care needs, and it would help control health insurance
costs.
I hope all of my colleagues, Mr. Speaker, will support this
legislation.
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