CPA
Elite Member
- Nov 19, 2001
- 30,322
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Why should someone's Tylenol be tax deductible?
Also, the goal the bill attempts to achieve is to curb excessive spending on healthcare. People being given gold plated high value health plans encourages needless spending. Also, with the upcoming mandate for comprehensive health insurance, the need for an HSA is mostly removed, so they should lower the deduction.
If you're going to take that logic path, then you should ask why is any medication tax deductible. Believe it or not, doctors "prescribe" over the counter medicines all of the time. And they can be cost effective alternatives to some prescription based drugs.