House passes three bills to boost our healthcare system
WASHINGTON-U.S. Congressman Mac Thornberry (R-Clarendon) voted this week in support of three bills that would boost Health Savings Accounts (HSA), allow catastrophic health insurance coverage on the exchanges, and delay and repeal Obamacare taxes that increase the cost of coverage.
1)H.R. 184, the "Protect Medical Innovation Act of 2018," would permanently repeal the 2.3 percent excise tax on the sale of a medical device, such aspacemakers, infusion pumps, and hip implants.
2)H.R. 6199, the "Restoring Access to Medication and Modernizing Health Savings Accounts Act of 2018,” provides relief from the Obamacare tax on over-the-counter medications and adds qualified sports and fitness costs as well as certain other items as qualified medical expenses under a Health Savings Account (HSA). It also takes numerous steps to modernize and increase the flexibility of HSAs.
3)H.R. 6311, the "Increasing Access to Lower Premium Plans and Expanding Health Savings Accounts Act of 2018," further delays the annual fee on health insurance providers, and it allows everyone to purchase catastrophic (copper) plans on health insurance exchanges and combines the risk pool with the rest of the plans in the market. Additionally, it allows individuals enrolled in a High Deductible Health Plan (HDHP) and Medicare Part A by reason of age to contribute to an HSA, and it allows all bronze and catastrophic plans to qualify as HSA-eligible, among other changes.
"We have to take a better path on health care costs. Since Obamacare was passed, too many people have had to pay too much for too little coverage," Thornberry said. "These bills help move in the right direction."