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The IRS has issued guidance reflecting statutory changes regarding the use of certain tax-favored arrangements, such as flexible spending arrangements, to pay for over-the-counter medicines and drugs.
A 1997 study by Kline & Company, a market research firm, found that American consumers saved almost $13 billion a year by using over-the-counter medicines switched from prescription-only status.
It also manufactures some over-the-counter medicines including pain relievers such as paracetamol and codeine and cold and flu preparations such as antihistamine and pseudoephedrine.
Morledge, M.D., adviser to travelers throughout the world: "Assemble a medical kit for a dancer of any age that includes one-, three-, and five-inch tapes; Ace Bandages with metal clamps or in self-adhesive form; an over-the-counter medicine such as Tylenol or Advil (to be used sparingly, if at all), or an acetaminophen product if you are a nonaspirin user; an analgesic balm such as Kiehl's Body Rub; an antidiarrheal medication such as Kaopectate or Pepto-Bismol; Bacitracin, for minor cuts, burns, and scrapes; small scissors and tweezers; an antibiotic, such as Cipro or Neosporin; and a decongestant for allergies.
Many people don't realize that this applies to prescription and over-the-counter medicine just as much as any other drug.
Sanofi, a France-based pharmaceutical company, and its United States consumer healthcare division, Chattem, have launched a new over-the-counter medicine, Nasacort Allergy 24HR Nasal Spray, in the United States, it was reported yesterday.
Care, which sells over-the-counter medicine products, has reported that sales in its winter wellness category were up 45 per cent in June compared with the same period last year.
If you child has problems with allergic rhinitis, this over-the-counter medicine may be "just what the doctor ordered."
Dr Hillard suggests checking with your doc first to make sure it's OK for you to take an over-the-counter medicine, like ibuprofen (Advil, Nuprin, Motrin) or naproxen (Aleve), to help relieve symptoms.
Nor should you buy an over-the-counter medicine if you are already taking a prescribed drug.
Earlier this year the UK's Medicines and Healthcare Products Regulatory Agency (MHRA) ruled that simvastatin, a statin drug used to lower cholesterol, should be available in 10 mg form as an over-the-counter medicine.
David Sharpe, chairman of the Community Pharmacy Action Group, said: 'Pharmacists rely heavily on their over-the-counter medicine sales to stay in business - without the protection of RPM they will simply not be able to compete with the buying power and aggressive pricing tactics employed by supermarkets.'
A recent telephone survey of over 8000 mothers of 3-year-olds was conducted to determine how much over-the-counter medicine these children actually received.
Ms Herpin said: ``I think a one-year expulsion for an over-the-counter medicine is pretty severe.
Natalie Seymour, 22, and Canadian Abbey Amisola, 27, are believed to have taken over-the-counter medicine after falling ill with food poisoning.
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