Collapse Of GOP Health Plan Leaves Insurers, Medical Devicemakers Facing Dreaded Taxes
Republicans were hoping to rescind the health law's levies on both health insurance plans and medical devices. But with action on their bill suspended for now, the industries are working to find other ways to stop the taxes.
Health Insurers Struggle To Win Reprieve Of Obamacare Tax
Health insurers won a victory in 2015 when a tax that was part of the Affordable Care Act was suspended. Now as they fight to repeal or delay the tax again before it comes back into effect, the odds don’t seem to be in their favor. Insurers, businesses and conservative groups are scrambling for ways to at least delay the health-insurance tax, or HIT, following the collapse of health-care legislation in July. They seemed poised for victory just a few months ago, when the health-insurance fee, and most of the other levies enacted to help fund Obamacare, were targeted in repeal bills passed by House Republicans and considered by Senate Republicans. (Brody, 8/11)
The Associated Press:
Health Care Divide Leaves Tax On Path To Reinstatement
The industry that makes medical devices from artificial hips to miniature pumps for IV drips is looking for a fallback plan to repeal a widely reviled sales tax that almost met its end in GOP health care legislation. The 2.3 percent excise, one of several taxes and fees in the Affordable Care Act that pay for expanded insurance coverage, has been the subject of ferocious lobbying by manufacturers seeking its permanent death. Yet for now it's on track to be reinstated on Jan. 1 after a two-year hiatus, leaving industry leaders worried it will hurt employment and stifle development of innovative, even lifesaving products. (Salsberg, 8/13)