House Republican Policy Committee Chairman Tom Price, M.D. (R-GA) voted today in favor of the Health Care Cost Reduction Act which passed with bipartisan support in the U.S. House of Representatives. This legislation repeals the tax on medical devices and limitations on the purchase of over-the-counter medications imposed by President Obama's health care law, while improving flexible spending arrangements (FSAs) to allow Americans to keep more of their money.
"It is refreshing to see lawmakers from both sides of the aisle join together in a bipartisan effort to provide better health care choices for the American people. The Health Care Cost Reduction Act will prevent the implementation of two harmful provisions of President Obama's health care law -- an innovation-crushing medical device tax and limitations on the purchase of over-the-counter medications," said Chairman Price. "We must stop the president's health care law from jeopardizing thousands of jobs in an industry that produces state of the art technologies and tools to improve care in this country. When it comes to health care choices and the rising cost of medical care, the government should not be restricting access to more affordable over-the-counter medications. House Republicans are committed to proactively developing and passing solutions -- like those in the Health Care Cost Reduction Act -- that promote the affordability, accessibility and quality of medicine. We will not rest until all of President Obama's health care law is repealed and replaced with patient-centered reforms."