Alexandria, Va. - March 3, 2011
National Community Pharmacists Association (NCPA) Executive Vice President and CEO Kathleen Jaeger issued the following statement today on the U.S. House of Representatives' passage of a bill repealing the Patient Protection and Affordable Care Act (PPACA) provision that increases 1099 tax reporting requirements for businesses that purchase goods and services of more than $600.
"Thanks to the House of Representatives' vote, we are on the cusp of eliminating the 1099 tax reporting requirement that forces pharmacists to spend more time dealing with paperwork and less time doing what they do best—helping patients. This follows on the heels of the Senate taking similar action, and will require the two bills to be reconciled. We are quite hopeful that the differences will be worked out. There is strong, bipartisan support for taking this corrective action, and President Obama has indicated he wants to address this issue and should sign the bill that emerges from Congress.
"We want to give a special thanks to Representative Dan Lungren (R-Calif.), who introduced the bill in the House and reacted quickly by addressing the concerns raised by pharmacists and others throughout the small business community."
Before the vote, NCPA joined a large coalition of groups that sent a letter to House Speaker John Boehner (R-OH) and Minority Leader Nancy Pelosi (D-Calif.) urging for the repeal.
The National Community Pharmacists Association (NCPA®) represents the interests of America's community pharmacists, including the owners of more than 23,000 independent community pharmacies, pharmacy franchises, and chains. Together they represent a $93 billion health-care marketplace, have more than 315,000 employees including 62,400 pharmacists, and dispense over 41% of all retail prescriptions. To learn more go to www.ncpanet.org or read NCPA's blog, The Dose, at http://ncpanet.wordpress.com.
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