Obamacare’s Prescription for Inanity

Diane Katz / September 23, 2010

Regulators have begun issuing some of the hundreds, if not thousands, of regulations necessary to implement Obamacare. Among them is a new restriction on health reimbursement accounts that exemplifies the lunacy of the entire health care scheme.

Health reimbursement accounts (HRA) provide tax breaks for deposits used to pay medical costs, including basic over-the-counter (OTC) remedies such as pain relievers, antihistamines, and topical antibiotics. But effective Jan. 1, 2011, reimbursements from the accounts will be allowed for over-the-counter medicines only if they are purchased with a prescription. (more…)