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1 H.R. 4716, Inhaler Coverage and Access Now Act of 2019, as Ordered Reported by the House Committee on Ways and Means on October 23, 2019 [1] (October 31, 2019)

handle is hein.congrec/cboinhlr0001 and id is 1 raw text is: 




j   Congressional Budget Office

        Cost Estimate


October 31, 2019


my riscai Year, ivimons oT uonars        2020                2020-2024               2020-2029
Direct Spending (Outlays)                   0                      0                        0


Revenues

Increase or Decrease (-)
in the Deficit


-35

35


-476

476


-1,402

1,402


The bill would
* H.R. 4716 would amend the Internal Revenue Code to allow a high deductible plan to provide inhalers for
    treatment of any chronic lung disease, or any medicine or drug which is delivered through such inhaler for
    treatment of such disease, without a deductible and without affecting a beneficiary's eligibility to participate in
    a Health Savings Account (HSA).




Estimated budgetary effects would primarily stem from
  e An increase in contributions to HSAs, which are excluded from income and employment taxes





The Congressional Budget Act of 1974, as amended, stipulates that revenue estimates provided by the staff of the
Joint Committee on Taxation (JCT) will be the official estimates for all tax legislation considered by Congress. As
such, CBO incorporates those estimates into its cost estimates of the effects of legislation. All of the estimates for
the provisions of H.R. 4716 were provided by JCT.


                               Detailed estimate begins on the next page.





                   See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437;
  How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/pubi cation/42904.

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