Direct OTC Purchases With Pre-Tax Accounts Swing On ACA Change, Not Repeal
This article was originally published in The Pink Sheet
Sens. Pat Roberts, R-KS, and Heidi Heitkamp, D-ND, and Reps. Lynn Jenkins, R-KS and Ron Kind, D-WI, once again introduce the Restoring Access to Medications Act, proposing amending rather than repealing ACA.
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With the Trump administration ahead, CHPA's highest regulatory priorities include eliminating a requirement from the Obama era that consumers get a prescription in order to pay for OTC drugs with pre-tax savings accounts and improving the Nixon-era monograph program.
The Health Savings Act introduced by Senator Hatch and Representative Paulsen would include OTCs and supplements in purchases with pre-tax savings accounts. The legislation caps users' annual deductions for supplements and homeopathics at $1,000.
Information from the CHPA-commissioned study could help improve policymakers’ understanding of the costs of making OTCs less available as well as the benefits of more Rx-to-OTC switches.