If, like me, you use a Flexible Spending Account to pay for your over-the-counter medicines, you will probably be annoyed, if not surprised, to learn that the Health Care Act/Bill/Whatever-it-is-at-the-moment will impose a tax on your colds and flus by exempting many OTC medicines from FSA eligibility. My colleague John Berlau suggests a strategy for fixing this smash-and-grab during the extra reconciliation period over at Openmarket. He further comments:
Under “dynamic scoring,” removing the tax would save money for the government as more folks use OTC rather than expensive prescription drugs. But if an immediate “pay-for” is needed, they could always propose removing the Democrats’ “fix” of delaying the Cadillac tax for Big Labor.
Read the whole thing.






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