House Ways & Means Committee Also Lifts Ban on Purchasing Over-the-Counter Medicines 

 

Washington -- The U.S. House Committee on Ways and Means passed legislation today, cosponsored by senior committee member Congressman Kevin Brady of Texas, to repeal ObamaCare’s medical device tax and its ban on patients using their health savings accounts to buy needed over-the-counter medicines. H.R. 436, the Protect Medical Innovation Act, repeals the device tax. H.R. 5842 , the Restoring Access to Medication Act, lifts the restrictions on medicine purchases. 

 

“Repealing ObamaCare’s tax on medical devices will save 43,000 American jobs, lower costs for patients and encourage more research into life-saving devices,” said Brady. “And giving people back the freedom to use their health savings accounts to buy affordable medicine stretches their dollars farther and keeps them from being forced to unnecessarily see a doctor for prescriptions – which was yet another Washington-knows-best mandate within ObamaCare.” 

 

ObamaCare is paid for in part by taxing lifesaving and pain reducing medical devices like heart stents, wheelchairs, MRI machines and artificial joints. This tax due to hit next year will either be passed through to patients in the form of higher prices and insurance premiums or the companies that manufacturer these medical devices will be forced to lay off workers and cut research and development. Many of these medical device manufacturers are small startup companies with marginal profits who can least afford a tax is assessed on their sales.  

 

The Committee also repealed ObamaCare’s “Medicine Cabinet Tax” which prohibits patients from spending their own money through flexible spending arrangements (FSAs), health reimbursement arrangements (HRAs), health savings accounts (HSAs), and Archer medical savings accounts (Archer MSAs) for non-prescription medicines. 

 

 

 

House Ways & Means Committee Also Lifts Ban on Purchasing Over-the-Counter Medicines 

 

Washington -- The U.S. House Committee on Ways and Means passed legislation today, cosponsored by senior committee member Congressman Kevin Brady of Texas, to repeal ObamaCare’s medical device tax and its ban on patients using their health savings accounts to buy needed over-the-counter medicines. H.R. 436, the Protect Medical Innovation Act, repeals the device tax. H.R. 5842 , the Restoring Access to Medication Act, lifts the restrictions on medicine purchases. 

 

 

 

“Repealing ObamaCare’s tax on medical devices will save 43,000 American jobs, lower costs for patients and encourage more research into life-saving devices,” said Brady. “And giving people back the freedom to use their health savings accounts to buy affordable medicine stretches their dollars farther and keeps them from being forced to unnecessarily see a doctor for prescriptions – which was yet another Washington-knows-best mandate within ObamaCare.” 

 

 

 

ObamaCare is paid for in part by taxing lifesaving and pain reducing medical devices like heart stents, wheelchairs, MRI machines and artificial joints. This tax due to hit next year will either be passed through to patients in the form of higher prices and insurance premiums or the companies that manufacturer these medical devices will be forced to lay off workers and cut research and development. Many of these medical device manufacturers are small startup companies with marginal profits who can least afford a tax is assessed on their sales.  

 

 

 

The Committee also repealed ObamaCare’s “Medicine Cabinet Tax” which prohibits patients from spending their own money through flexible spending arrangements (FSAs), health reimbursement arrangements (HRAs), health savings accounts (HSAs), and Archer medical savings accounts (Archer MSAs) for non-prescription medicines.