Bills Target OTC Drug Restriction On Health Accounts

Law360, New York (July 15, 2011, 4:53 PM EDT) -- Bipartisan legislation introduced Thursday in both the U.S. Senate and U.S. House of Representatives aims to strip the health care reform law of a measure that bars people from using tax-exempt medical savings accounts to buy over-the-counter medications.

The proposed legislation seeks to repeal a portion of the Patient Protection and Affordable Care Act that, since January, has required Americans to get a prescription before they can use money held in flexible spending accounts and other pretax medical savings accounts to buy over-the-counter drugs.

Sen. Pat...
To view the full article, register now.