Guest guest Posted September 5, 2001 Report Share Posted September 5, 2001 This could become some good news .... *Smile* Chris (list mom) Turkish Rose Items To Delight http://www.alittleolfactory.com ~~~~~~~~~~~~ New Legislation Introduced to Allow Health Plan Coverage of Dietary Supplements http://news.excite.com/news/pr/010904/dc-dietary-sup-leglsn Updated: Tue, Sep 04 10:01 AM EDT WASHINGTON, Sept. 4 /PRNewswire/ -- At a time when the majority of Americans use dietary supplements to improve their health and well being, the U.S. Senate is taking some new steps to ensure that vitamins, minerals, herbs, and specialty supplements, like prescription drugs, will be covered by health insurance plans. Through the new " Dietary Supplement Tax Fairness Act of 2001 " (Bill S.1330) introduced on August 2, 2001 by Senators Tom Harkin (D-IA) and Orrin Hatch (R-UT), dietary supplements, medical foods and foods for special dietary needs would be treated as medical expenses under the U.S. tax code. This would mean that when these products are offered through a health insurance plan, the costs would be tax deductible for employers and excluded from taxable income for employees. In introducing this legislation, Senator Tom Harkin said that giving dietary supplements parity with prescription drugs under the U.S. tax code will advance sound healthcare policy. " Our current policy is unfair and is failing to take full advantage of the potential to improve health and hold down health care costs through preventive health care practices available to consumers, " he explained. " Bringing the code up to date to recognize and allow for this important need for wellness and health promotion is an important step for ward to overall sound healthcare policy. " Along with giving consumers a tax deduction for using dietary supplements, S.1330 recognizes the importance of paying for the dietary needs of people who have been diagnosed with specific metabolic disorders and medical conditions. Accordingly, the legislation would allow foods for dietary needs to be considered a medical expense for the management of diabetes, autoimmune disorders and chronic inflammatory conditions. Further, parents would be financially covered to pay for the dietary needs of children who have been diagnosed with metabolic disorders and autism. " Many Americans are using these healthcare products to improve their health and to stay healthy and would like to have access to these products in the form of an insurance benefit, " Senator Harkin explained. " Insurance companies and employers responding to this consumer demand have been frustrated by being unable to offer a benefit like this in a manner consistent with other health care practices which receive favorable consideration in the Internal Revenue Code. " Documenting the consumer demand for dietary supplements are the findings of the first comprehensive national survey on the use of dietary supplements. Called the Dietary Supplement Barometer Survey, this survey shows that the majority of Americans believes in supplements and takes them on a regular basis. Specifically, Harris Interactive, Inc. polled 1,027 consumers aged 18 and over, finding that six in ten American adults (59 percent of the population) take supplements on a regular basis. Of these regular supplement users, the poll finds that 46 percent take a multiple vitamin/mineral product daily while 35 percent take single vitamins, such as Vitamin C, Vitamin E, or Vitamin B complex. At the same time, the survey reveals that almost one in four Americans (23 percent) regularly use herbs and specialty supplements. Currently, 15 percent of adults now take such herbal supplements as Garlic and St. John's Wort while 8 percent regularly use such specialty supplements as SAM-e and Glucosamine/Chondroitin. The demand for dietary supplements is directly tied to the reasons why consumers take vitamins, minerals, herbs and specialty supplements. According to the Dietary Supplement Barometer Survey which was fielded in July 2001, the specific reasons consumers cite for taking supplements are: to feel better (72 percent), to help prevent getting sick (67 percent), to help get better when they are sick (51 percent), to live longer (50 percent), to build strength and muscle (37 percent), and for weight management (12 percent). At the same time, some Americans report taking supplements for a specific health reason (36 percent) or for sports nutrition (24 percent). In addition, a third of adults (33 percent) say that they take supplements on the advice of their doctor. Besides these specific reasons, the survey reveals that the majority of Americans (56 percent) believe that some supplements offer benefits comparable to those of drugs but with fewer side effects. Almost as many (53 percent) agree that some dietary supplements offer benefits that are not matched by conventional drugs. Because Americans associate supplements with improved health and well being, consumers spent over $16.8 billion for vitamins, minerals, herbs and specialty supplements in 2000, according to the Nutrition Business Journal. Specifically, consumers spent almost $6 billion ($5.9 billion) for vitamins, $4.12 billion for herbs and botanicals, $2.14 for meal supplements, $1.67 for specialty supplements, $1.59 for sports nutrition products, and $1.39 for minerals last year alone. " Giving a tax deduction for these valuable products will go a long way towards holding down the nation's health care costs through preventive health care practices that are available to all consumers, " said Jerry Cott, Ph.D., a leading neuropsychopharmacologist formerly with the National Institute of Mental Health and now a member of the scientific advisory board of the Dietary Supplement Information Bureau. Adds David Heber, MD, Ph.D., Director of the UCLA Center for Human Nutrition and another advisory board member, " Today, it is not a question of diet or supplements but diet and supplements. Through this legislation, the public health community will have a valuable tool that can be used to increase the consumption of disease-fighting phytochemicals. " The Dietary Supplement Information Bureau is a project of the Dietary Supplement Education Alliance, an industry coalition created to promote the health benefits and responsible use of vitamins, minerals, herbs and specialty supplements. The information developed by the bureau is vetted by a scientific advisory board comprised of: Joseph Betz, Ph.D., American Herbals Products Association and former FDA staffer; Jeffery Blumberg, Ph.D., Jean Mayer USDA Human Nutrition Research Center on Aging at Tufts University; Jerry Cott, Ph.D., Psychopharmacology Consulting Services; David Heber, MD, Ph.D., UCLA Center for Human Nutrition; Sheldon Hendler, MD, Ph.D. University of California at San Diego; James LaValle, R.Ph., Central State College of Health Sciences; Barbara Levine, RD, Ph.D., The Rockefeller University; Forouz Ertl, DVM, U.S. Pharmacopeia; and Ronald Watson, Ph.D., University of Arizona Medical School. The DSEA steering committee includes the following organizations: American Herbal Products Association, Corporate Alliance for Integrative Medicine, National Nutritional Foods Association, New Hope Natural Media/Penton Media, Inc., and Virgo Publishing Inc. Additionally, over 100 organizations and industry leaders are supporting the DSEA effort including health food retailers such as Fruitful Yield; manufacturers such as Natrol, Inc. (NASDAQ:NTOL) and Twinlab Corporation (NASDAQ:TWLB); and distributors such as United Foods (NASDAQ:UNFI). Participation in the DSEA continues to grow and fundraising efforts are ongoing. For more information about dietary supplements or the " Dietary Supplement Tax Fairness Act of 2001, " visit the Dietary Supplement Information Bureau web site at http://www.supplementinfo.org . MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X55189940 Quote Link to comment Share on other sites More sharing options...
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