Here's the latest silver bullet aimed at Obamare. Another reason to shoot it down quickly.
Starting January 1, 2011, more than 15,000 over-the-counter medications cannot be reimbursed tax-free from Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs) without a prescription.
Approximately 10 million Americans are covered under HSA/FSA plans for their families' health care needs. Those families contribute tax free money to HSAs and then can withdraw it to pay for their health care needs, including over-the-counter medications. That will all stop faster than a speeding bullet on January 1, 2011, thanks to Obamacare.
Following is a list, compiled by Congressman John Fleming, M.D., of some of the over-the-counter medications that will soon require a prescription for a tax-free withdrawal from an HSA/FSA under Obamacare.
allergy and sinus medications
anti-itch and insect bite
baby rash ointments/creams
cold sore remedies
cough, cold and flu
SO WHAT DOES THIS MEAN FOR YOU? The Joint Committee on Taxation estimates that this provision of the all encompassing Obamacare will cost American families $5 billion. Hey, Barack, what happened to "NO NEW TAXES?"
And think about this! We don't have enough doctors to handle what Obamacare will require. How are they going to have time for appointments to prescribe Tums, Maalox, Tylenol, Ibuprofen, and on and on?
Fleming has introduced a bill (H.R. 5126) to roll back these taxes on over-the-counter medications. But I would ask why doesn't Fleming's bill repeal all of Obamacare? Come on, Mr. Fleming, muster up some grit, take aim and fire. It's a huge target.
Now how many Dems do you think will support Fleming's small attempt to kill this provision of Obamacare? I would guess NONE. I urge you to contact your representatives to find out whether they will support H. R., 5126. And then remember their response when you vote in two weeks.
You can reach them through the links on the right side of my blog.
HOW TO POST A COMMENT AND FIND PREVIOUS BLOGS
HOW TO POST A COMMENT AND FIND MY PREVIOUS POSTS - Your thoughts and comments are important. To post a comment on any or all of my posts, simply click the title of the blog entry, go to the bottom of the blog and post your comments in the "comment" box. Be sure to click "post comment" to save. My previous posts are on the right side. Scroll down to find them. I look forward to hearing from you. But if you don't have time to comment, please continue reading my posts. Stay Informed.