According to the Washington Times, forty million Americans are paying higher taxes this week due to what is being called OBAMACARE. Effective January 1, 2011, on your Flex Spending account (FSA) or Health Savings Account (HSA) , you can no longer use YOUR funds for over the counter medication. Before now you could use your pre-tax dollars for aspirin, cough syrup, and many other over the counter medications.
Now on an HSA, I would not recommend using your funds for these services anyway. On an FSA, you cannot carry your funds over to the next year, so a common practice was to buy aspirin or anything you knew you would need next year. The Times quotes “this will be an unsuccessful remedy for the nation’s health care woes.”
In this writers opinion, it will deter the use of preventative medicine, which I think was one of the things Obamacare was to encourage.
Thanks for reading.