First, the bill includes language proposed by Rep. Erik Paulsen (R-Minn.) that would repeal the medical device excise tax that was established in the healthcare law. On the House floor Friday, House Majority Leader Eric Cantor (R-Va.) said this language is important for jobs and innovation in the medical device industry.

{mosads}Paulsen’s bill is the vehicle for the other, additional elements. One of these is language from Rep. Lynn Jenkins (R-Kan.) that would allow over-the-counter drugs to be expensed under health savings accounts.

And finally, the bill includes a proposal from Rep. Charles Boustany Jr. (R-La.) that allows people to access unused medical savings account balances. Boustany has said the “use it or lose it” aspect of these accounts has made many hesitant to establish them.