he says, this cost me $159 i have an hsa. he did not say 160, he said 159. the doctor said you have an hsa, tore it up and wrote them a generic over-the-counter for 20 bucks. the system saved them $139. when patients than their own money they lower costs and improve care. >> the only thing i want to say to you is the group outside, you indicated that they are trying to have their votes. i don't think they are trying. their voices are being heard. i will tell you something else i don't think him i don't think very many of them have preexisting conditions with reference to their lung capacity. but in addition to that i don't think too many of them would be uninsured. otherwise they might meet themselves a little bit. >> if i may say there is a friend of mine who is a patient at home, who volunteered the scott brown campaign. she is uninsured and for herd is a question of freedom. she sees that her freedom is about to be usurped and i am so admiring of her. she would rather the principle of freedom be preserved. she would rather not trade her freedom for securi

just explain to people who have not come across an hsa what it is, if you would. >> absolutely.n hsa is a savings account that you establish in conjunction with a high deductible insurance policy. so you have to have that insurance plan with a high deductible. the idea is that the premium dollars that you save biceping a higher deductible are now available for going into the health savings plan. that could be funded by your employee or as a self-employed person you can fund it yourself. >> this is basically tax-free money or money that goes in without being taxed to the limit of -- >> it's $3,000 per individual. a little bit more for older people, for people over 50 and for a family it's about $6,150. >> why do you say there is a triple benefit on them? >> well, we love the roth ira. it grows tax free and can be taken out tax-free. this is a super charged roth. you're not taxed on the dollars that go on. you're not taxed on the earnings within the account. when you take the money out to spend on qualified expenses, there is no taxes on the withdrawals. >> are you going one stage

amendment number five maintains the right to keep and fund hsa and dp.hese have been particularly popular with the american people. nothing shall preclude an individual from purchasing or maintaining insurance qualify you for health savings accounts deposits and nothing shall interfere with their ability to continue to make deposits according to the schedule created in the 2006 health savings account legislation. then number six prohibits unfunded mandates to the states. this is because of the concern of our governors that this will be a plan that is going to be tremendously costly to them to implement if the bill imposes an unfunded mandate on the states then the bill is small and avoided if the states are not required to comply. part be the legislation would mandate an unprecedented expansion of the welfare program medicaid ballooning the size of the program to well over 90 million americans by 2029 and our concern there is with expanded medicaid what has happened with. it's tennessee, massachusetts or million when it you are taking on a lot of near-te

>> we need to look at consumer driven health care plans, hsa health care plans.ana, a great study that came out of indiana where they developed a consumer driven health plan with health savings account. >> this plan doesn't do that at all? >> number one, a consumer driven health care plan. >> 11% cost savings indianain' this year because they have 70% of their state employees on that plan. 11% cost savings that they can then put back into that plan. >> i'm a cancer survivor, unable to get health insurance, the bill is not perfect, but it's better than doing nothing, i'm already rationed. >> it's not better than doing nothing, because we're now creating a bill that's going to cost more money, it's going to make it harder for that person to get health care down the line. we need to decrease the costs and find fisht si in our health care system. the academy of actuaries said 12% to 14% cost savings. that can go to that person so they can have money for health care. >> you said that you're scared. >> i'm really scared. >> they said if you're scared, you're in the wro

by representative cassidy of louisiana of which would clarify high deductible health plans with an hsa meet the definition of adequate coverage, furthermore any new standards adopted by the secretary shall not apply to a high deductible health plans and health savings accounts with such standards would have the effect of disqualifying such plans from meeting the central requirements. >> thank you mr. diaz colored. any discussion? of of the vote will occur on the motion by the gentleman from florida. all in favor, say aye. opposed, no. in the opinion of the chair, noes have it. recorded vote, please. [roll call] the clerk will report to totals. the motion is not agreed to. >> i moved an amendment to the rule the committee an order to provie the appropriate waivers for amendment number three offered by representative cold oklahoma which would require that savings resulting from spending reductions in medicare stay in medicare to pay down long-term unfunded financial obligations. >> you heard the gentleman's motion to be any discussion? if not the vote will occur on the motion by mr. diaz

hsa health care plans. and there's data out there that show these work.t indiana there was a great study that was published that came out of indiana that looked at the cost savings in indiana where they developed a other consume driven health plan high ge ductible health plan with health savings accounts. this zbl this plan -- >> this plan takes it away. let me give you the data on it. >> real quickly. >> 11% cost savings in indiana this year because they have 70% of their state employees on that plan. 11% cost savings -- >> we have time constraints here. real quickly. i'm a cancer survivor. unable to get health insurance. the bill is not perfect but it's better than doing nothing. i'm already rationed. >> but that's the problem, is it's not better than doing nothing because we are now creating a bill that's going to cost more money. it's going to make it harder for that person to get any kind of health care down the line. so we need to find a way to decrease the cost and find efficiency within our health care delivery system so that we have money availab

interfere with their ability to continue to make deposits according to the schedule created in the 2006 hsa legislation. >> you have heard the gentlelady's motion. any discussion? if not the vote occurs on the motion. all in favor, say aye. opposed, no. madam chair, the no's have it. >> can we have a recorded vote? [roll call] >> the clerk will report the totals. >> the motion is not agreed to mrs. foxx. >> i have an amendment to the row. i'm of the committee make in order provide the appropriate waivers for amendment number 63 and 71 offered by representative walden of oregon. amendment number 63 would ensure proportional representation of interest of rural areas on independent medicare adviser reports and independent, and amendment number 71 would ensure that medpac has adequate. [roll call] representation. >> you for the gentlelady's motion. is there any discussion? mr. cardozo. [inaudible] >> any other discussion? if not, the vote appears on the motion. all in favor, say aye. opposed, no. madam chair, the no's have it. >> a recorded vote please madam chair. [roll call] >> the clerk will

by representative cassidy of louisiana of which would clarify high deductible health plans with an hsa meet the definition of adequate coverage, furthermore any new standards adopted by the secretary shall not apply to a high deductible health plans and health savings accounts with such standards would have the effect of disqualifying such plans from meeting the central requirements. >> thank you mr. diaz colored. any discussion? of of the vote will occur on the motion by the gentleman from florida. all in favor, say aye. opposed, no. in the opinion of the chair, noes have it. recorded vote, please. [roll call] the clerk will report to totals. the motion is not agreed to. >> i moved an amendment to the rule the committee an order to provie the appropriate waivers for amendment number three offered by representative cold oklahoma which would require that savings resulting from spending reductions in medicare stay in medicare to pay down long-term unfunded financial obligations. >> you heard the gentleman's motion to be any discussion? if not the vote will occur on the motion by mr. diaz