The House Ways and Means Committee yesterday voted 23 to 11 to approve the “Protect Medical Innovation Act” (H.R. 436), a bill to repeal a medical device excise tax scheduled to be effective in 2013 under the 2010 healthcare law. The Ways and Means Committee also approved a bill providing for a $500 taxable cash-out exception from flexible spending account “use-it-or-lose-it” rules (H.R. 1004); a bill repealing a restriction on use of flexible spending accounts to purchase over-the-counter drugs (H.R. 5842); and a bill modifying health savings account rules (H.R. 5858). The full House is expected to vote on the four healthcare-related measures as early as next week.