House Republicans may be heading toward a veto battle with President Obama over H.R. 436, a health package that includes the text of H.R. 1004 — a bill that would kill the much-loathed requirement that flexible spending account (FSA) holders forfeit any unused FSA balances at the end of the plan year.
The best-known provision in H.R. 436 would eliminate a 2.3 percent excise tax on medical devices that's set to be imposed by the Patient Protection and Affordable Care Act of 2010 (PPACA).
To keep H.R. 436, the Health Care Cost Reduction Act package, from increasing the federal budget deficit, the Republicans have added a provision that would claw back any extra health insurance purchase tax credits that low-income and moderate-income taxpayers get as a result of implementation of PPACA.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
