Yesterday, U.S. House Republicans passed the American Health Care Act by a narrow margin of 217-213. Fulfilling the campaign promises of President Donald Trump and GOP House members, this Act repeals and replaces many provisions of the Affordable Care Act (often called Obamacare). It now moves to the U.S. Senate, where it is expected to face a fierce battle as the Republicans have only a 2 vote majority and no likely Democratic support.
This client alert is intended to inform clients and other interested parties about legal matters of current interest and is not intended as legal advice. If you have any questions about these issues, please contact your Executive Compensation & Employee Benefits counsel at Smith, Gambrell & Russell, LLP.