Discussion on how the IRS views exercise and diet vs weight loss drugs, challenges in healthcare shifting towards good nutrition, profit motives driving chronic diseases, banned food chemicals in American food industry, children's health crisis, and suppressing dissenting voices in alternative health approaches.
IRS limits tax deductions for wellness expenses, favoring pharmaceuticals over holistic health approaches.
Promotion of dietary changes and exercise interventions by doctors can combat metabolic issues more effectively than pharmaceutical solutions.
Deep dives
Kelly Means and TrueMed's Mission
Kelly Means, advocate for changing healthcare system incentives and TrueMed founder, aims to enable tax-free spending on food and exercise. With a book co-authored with Dr. Casey Means on metabolism and health, he reveals the practices of food and pharmaceutical industries influencing regulatory agencies. Highlighting the importance of exercise and diet, Kelly leverages HSA FSA accounts to steer medical funds towards preventative measures for metabolic dysfunction.
IRS Policy Impact on Treatment Options
Kelly criticizes an IRS policy favoring Ozempic treatment over dietary choices for chronic diseases. Reflecting on his mother's tragic journey through pharmaceutical interventions, he laments the lack of emphasis on metabolic health by the medical industry. Kelly champions doctors prescribing dietary plans and exercise interventions to combat metabolic issues, urging Americans to utilize tax-free funds for preventive healthcare measures.
Role of Doctors in Preventive Care
Kelly underscores the significant impact doctors can make by recommending dietary changes, exercise plans, and supplements as treatment interventions. Dispelling misconceptions about medicine, he emphasizes doctors' role in reversing metabolic conditions through holistic approaches. By advocating for medical notes that support lifestyle modifications, Kelly empowers Americans to prioritize metabolic health over pharmaceutical solutions.
Systemic Challenges in Healthcare and Nutrition
Kelly exposes the influence of pharmaceutical and food industries on medical institutions and regulatory bodies, compromising healthcare recommendations. Addressing the rise in chronic diseases among children, he critiques the profit-driven incentives that perpetuate unhealthy food consumption and dependency on medications. By unveiling the alliance between industry stakeholders and influential institutions, Kelly sheds light on the systemic barriers to prioritizing nutrition and exercise in healthcare.
How the government, particularly the IRS, looks at exercise and diet versus weight loss drugs and other pharmaceuticals is discussed in this episode with Calley Means and Robert F. Kennedy Jr.
Here is part of an official statement from the Internal Revenue Service website:
WASHINGTON — Amid concerns about people being misled, the Internal Revenue Service recently reminded taxpayers and heath spending plan administrators that personal expenses for general health and wellness are not considered medical expenses under the tax law.
This means personal expenses are not deductible or reimbursable under health flexible spending arrangements, health savings accounts, health reimbursement arrangements or medical savings accounts FSAs, HSAs, HRAs, and MSAs.
This reminder is important because some companies are misrepresenting the circumstances under which food and wellness expenses can be paid or reimbursed under FSAs and other health spending plans.
Some companies mistakenly claim that notes from doctors based merely on self-reported health information can convert non-medical food, wellness and exercise expenses into medical expenses, but this documentation actually doesn’t. Such a note would not establish that an otherwise personal expense satisfies the requirement that it be related to a targeted diagnosis-specific activity or treatment; these types of personal expenses do not qualify as medical expenses.