Dec 20, 2017

Healthcare Implications of Tax Bill: No More Individual Mandate

preparing tax returns

Late yesterday, the U.S. Senate Republicans approved a tax bill, by a vote of 51-48. This bill was previously approved by the U.S. House by a vote of 227-203.  As the bill must be identical in both chambers, this bill now heads back to the U.S. House to correct three provisions. One of these provisions… Read more



Nov 30, 2017

Senate Will Likely Vote on Tax Reform Late Today or Tomorrow: Individual Mandate Penalty Relief is Included

Tax Reform

According to multiple sources, the U.S. Senate is close to voting on tax reform either later today or in the morning. Absent any late defections, the bill is expected to pass the Senate through a strict party-line vote. While the final version of the bill is not yet set, at this time, the current version… Read more


Nov 17, 2017

House Approves Tax Bill: Senate Tax Bill Now Out of Committee

Tax Calculator

In the U.S. House, the Tax Cuts and Jobs Act ( H.R. 1) (the Act) was approved by a vote of 227-205 yesterday. The legislation lowers the top corporate rate of 35 percent to a flat 20 percent. On the individual side, the bill would collapse the existing seven income tax brackets to four with rates… Read more


Nov 16, 2017

Senate Adds Repeal of Individual Mandate to Its Tax Bill: Will This Change Doom the Bill’s Passage?

Health Care Law Binder

Over the past few weeks, the U.S. House and Senate have been working independently on tax bills. While these bills have included some health care related changes, the latest version of the Senate bill now includes the repeal of the Affordable Care Act’s individual mandate. This addition provides funding for the tax breaks included in… Read more


Oct 13, 2017

One-Two Punch to the ACA: First An Executive Order, Now Trump Halts Cost Subsidies to Health Insurers

Healthcare

Late yesterday, the White House stated that it would immediately stop the funding for billions of dollars in Affordable Care Act (ACA) subsidies. The explanation is that, based on guidance from the Justice Department, the Department of Health and Human Services (HHS) has determined there is no appropriation for the payments and the government can’t lawfully make… Read more


Oct 13, 2017

President Trump Takes Steps When Senate Won’t- Executive Order Could Weaken ACA

Doctor in White Coat

President Donald Trump signed an Executive Order that potentially weakens the Affordable Care Act (ACA). As quoted by the White House Press Office “The time has come to give Americans the freedom to purchase health insurance across state lines, which will create a truly competitive national marketplace that will bring costs way down and provide… Read more


Sep 26, 2017

ACA Repeal and Replace- Now DOA in the Senate

Senate

The Senate Republicans admitted defeat for the latest version of the “repeal and replace” bill. “We don’t have the votes,” bill co-sponsor Bill Cassidy of Louisiana told reporters in Washington. “We’ve made the decision, since we don’t have the votes, we’ll postpone that vote.” This means that the Senate will not vote before Saturday’s deadline… Read more


Sep 25, 2017

Senate’s Repeal and Replace Bill May Be Dead on Arrival

Flatline

Senate Republican leaders may not be able to muster the votes needed to pass the latest version of “repeal and replace,” after Sen. Susan Collins (R-Me.) said she couldn’t envision voting for the bill. “It’s very difficult for me to imagine a scenario where I would end up voting for this bill,” Ms. Collins said… Read more


Sep 21, 2017

Senate’s Last “Gasp” Effort to Repeal and Replace the ACA

Health Care Reform

Republicans are making a last “gasp” effort to pass “repeal and replace” legislation in the Senate, before the “reconciliation” clock runs out. A new health care “repeal and replace” bill, introduced by Sens. Lindsey Graham, (R-S.C.), Bill Cassidy, (R-La.), and others will be slated for a vote next week. This bill, like earlier Senate versions,… Read more