GOP Health Care Proposal Cuts Rx Requirement To Buy OTCs With Pre-Tax Savings
This article was originally published in The Tan Sheet
Repealing the Affordable Care Act “takes the critical step of restoring the ability to use funds” for OTC drugs “as a qualified medical expense,” say GOP leaders. The proposed legislation also would eliminate a tax on Rx drugs and medical devices that industry negotiated in the creation of ACA.
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CHPA is optimistic 2015 is the year “common sense” will restore OTC eligibility for health spending accounts. Speaking on the group’s priorities, President and CEO Scott Melville said CHPA will work to improve the OTC monograph system and to curb cough medicine abuse.
HHS OIG report shows pharma industry fee is being paid, albeit with a few bumps along the way.
The future of the provision requiring prescriptions for OTC purchases with health savings accounts is back in Congress’ hands. But with elections pending, lawmakers will likely stay away from legislation that would change, rather than repeal, the ACA.