July 14, 2011
Endorses Bicameral, Bipartisan Bill That Repeals Flexible Spending Account Restriction
Alexandria, Va. — The National Association of Chain Drug Stores (NACDS) announced its support for the Restoring Access to Medication Act introduced by U.S. Reps. Lynn Jenkins (R-KS) and Shelley Berkley (D-NV), and U.S. Sens. Pat Roberts (R-KS) and Ben Nelson (D-NE). The bicameral and bipartisan legislation seeks to repeal a provision of the Patient Protection and Affordable Care Act, which requires consumers to obtain a prescription to use their flexible spending accounts (FSA) for over-the-counter (OTC) medication purchases.
"This provision makes it more costly and more burdensome for millions of patients to obtain approximately 15,000 cost-effective over-the-counter medications,” said NACDS President and CEO Steven C. Anderson, IOM, CAE. “On a bipartisan basis, members of Congress have raised legitimate questions about whether this new restriction was the right way to go, and this legislation would answer that question in favor of cost-effective patient care.”
Over 35 million Americans rely on FSAs or other tax-deferred accounts for their basic healthcare needs and services, and an estimated 19 million use them for purchasing OTC medications.
“By enacting this common-sense bill, Congress will lift an onerous burden on patients, pharmacies and healthcare providers, and restore American families’ convenient access to effective, affordable and convenient healthcare products for their healthcare needs,” continued Anderson.
NACDS previously endorsed similar legislation (H.R. 605/ S. 312), introduced by U.S. Rep. Erik Paulsen (R-MN) and U.S. Sen. Kay Bailey Hutchison (R-TX), which repeals the prescription restriction and restores consumers’ access to tax-deferred accounts for OTC purchases.