House Panel OKs Repeal Of Health Reform's OTC Restriction

Law360, New York (May 31, 2012, 4:56 PM EDT) -- An employer-backed bill to allow purchases of over-the-counter medication through tax-exempt medical savings accounts won support Thursday in a U.S. House of Representatives committee, where Republicans labeled the legislation a cost-cutting measure and Democrats cast it as a favor for special interests.

The legislation, which advanced on a mostly party-line vote, would repeal provisions in the Patient Protection and Affordable Care Act banning use of flexible spending accounts and health savings accounts for OTC drugs unless a prescription is written.

The National Business Group on Health,...
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