Dave Camp: “I come to the floor today in support of H.R. 436, the Health Care Cost Reduction Act of 2012. This bill would repeal two…”

“I come to the floor today in support of H.R. 436, the Health Care Cost Reduction Act of 2012. This bill would repeal two of the harmful tax hikes contained in the Democrats' health care law: the medical device tax and restrictions on using health-related savings accounts for over-the-counter medication. The legislation also includes a provision that will increase flexibility for health care consumers who use flexible spending arrangements. All are fully paid for by recouping overpayments of taxpayer-funded subsidies used to purchase health care in the government-run exchanges. Notably, every one of these provisions has bipartisan support. As a result of ObamaCare, beginning in 2013, a 2.3 percent tax will be imposed on the sale of medical devices by manufacturers or importers. This tax will increase the effective tax rate for many medical technology companies, threatening higher costs, job loss, and reduced investment here at home. One study predicts that as many as 43,000 American jobs are at risk if this goes into place.…”