PHIT Clears Legislative Hurdle, One Step Closer to Passage
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BOSTON, MA - The International Health, Racquet & Sportsclub Association is pleased to announce that the Personal Health Investment Today (PHIT) Act was reported out of the House Ways and Means Committee. In a bipartisan show of support, the committee voted in favor of PHIT by a vote of 28 to 7. This landmark action clears an important legislative hurdle for PHIT. Now, the bill will await consideration by the entire House.
On July 6, Representatives Jason Smith and Ron Kind, original sponsors of PHIT (H.R. 1267), introduced H.R. 6312, a modified version of PHIT better positioned to move onto to the next stage of the legislative process.
That next stage is called markup, where the House Ways and Means Committee formally considers the bill and either accepts or rejects it. The Ways and Means Committee held the markup on July 12 at 10AM, when PHIT was accepted, freeing it to move forward. This means that PHIT can now be added to a larger legislative package to be voted on by the House. The larger legislative package could be an HSA bill, part of tax correction legislation or a number of potential pieces of moving legislation.
Representatives Smith and Kind introduced H.R. 6312 to overcome objections to their original bill. The new bill:
- Removes exercise videos and exercise equipment from the definition of medical care;
- Removes golfing, sailing, hunting and other expensive/elitist activities from the definition; and
- It caps the use of HSA or FSA money for health club dues to $500 per individual and $1,000 per family. It also adds a cost of living increase to those totals.
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