The American Health Care Act would slash federal revenue by $662.6 billion from 2017 through 2026, according to Congress' nonpartisan Joint Committee on Taxation.
President-elect Donald Trump has promised to quickly repeal and replace the Affordable Care Act. Now he and the newly elected Republican Congress are like the dog that caught the car. What are they going to do with it?
Employers should, in theory, support the Affordable Care Act's Cadillac tax. But the political and business reasons for keeping the tax exclusion on employer health benefits trump economics.
The new House Republican plan to repeal and replace Obamacare lacks specifics because it would have to broadly tax employer health plans to raise enough money to adequately fund insurance subsidies, a prominent Republican health economist says.
Sweeping new legislation unveiled by two congressional Republicans to partly repeal and replace the Affordable Care Act highlights the formidable political and policy challenges the GOP faces in taking on a law that has significantly expanded coverage and made popular changes in insurance practices.
UAW President Dennis Williams says the union is still interested in pooling autoworkers into one large health plan, though work has gone slowly following the controversy generated after the concept was floated during last fall's Detroit 3 contract talks.
The GOP is ramping up discussions on tax-related proposals to improve healthcare as an alternative to the Affordable Care Act.
State Medicaid agencies say Congress' decision to suspend the Affordable Care Act's tax on health insurers for one year is a good first step but they seek permanent repeal so they no longer have to pay the tax for their Medicaid plans.
The White House's fiscal 2017 budget proposal would allow the HHS secretary to negotiate prices for biologics and other exceptionally expensive drugs for Medicare patients, and would more quickly close the "doughnut hole" coverage gap.
The fiscal 2017 budget includes a request for $1.1 billion to increase access to medication-assisted treatment options. The bulk of the money would fund state programs in an effort to make treatment more available and easier to afford.
Employer-based health insurance isn't about to disappear. But its erosion will continue and could eventually reach a tipping point.
The administration is looking to preserve the controversial tax that has been delayed for at least two years. It is now set to go into effect in 2020, although some political analysts say it could continue to be delayed indefinitely or dropped entirely.