Pending legislation would do away with “Letter of Medical Necessity” requirement
This week, the House of Representatives passed the Restoring Access to Medication Act (H.R. 1270), which would overturn a provision* of the ACA and restore the ability of plan participants to use FSAs, HRAs and HSAs funds to purchase over-the-counter drugs and medicines. The bill will now head to the Senate for further consideration.
The Administration says it strongly opposes the repeal effort because it “would create new and unnecessary tax breaks that disproportionately benefit high-income people, increase taxes for low and middle income people, and do nothing to improve the quality of or address the underlying cost of health care.” Thus signaling that if the President were presented with H.R. 1270, he would veto the measure.
TASC believes the idea is based on common sense principles and puts healthcare cost management back where it belongs – in the hands of the people. The Governmental Affairs team will continue to follow this topic and provide our Clients/Providers with status updates throughout the year.