The Republican tax plans are suddenly looking a lot more likehealth-care bills, with provisions that mayaffect coverage and increase medical expenses for millions of families.
The House version of the tax bill, which President Donald Trumpendorsed on Tuesday, would end a deduction that allows families ofdisabled children and elderly people to write off large medicalexpenses. The Senate plan would repeal the Obamacare requirementthat most Americans carry insurance, a move that insurers promisewould raise premiums in the nationwide individual insurancemarket.
The provisions would help offset the cost of large tax cuts forcorporations and individuals. But the move has sparked a new waveof opposition from the health-care industry and others who areconcerned about its impact -- the same political headwinds thattanked Republican efforts to repeal the Affordable Care Act earlierthis year.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
