House Republicans are taking another shot at dismantling the Affordable Care Act, this time taking aim at taxes and penalties related to the divisive health care law.
They have also inserted language into the joint-chamber tax bill that would eliminate ACA penalties for people who fail to secure health insurance if they do not get it from their employers.
They have introduced new bills that do the following:
- One measure would eliminate ACA penalties for applicable large employers that fail to offer health insurance to their workers. This bill is retroactive.
The same bill would also eliminate the so-called “Cadillac tax” on employer-sponsored health coverage that exceeds a certain premium level. The tax is slated to take effect in 2020.
- Another bill would suspend for five years an ACA-mandated tax of 2.3% on medical devices, such as prosthetics or pacemakers.
- Another measure would suspend taxes on health insurers for two years.
- Yet another piece of legislation would provide two years of relief from a tax on over-the-counter medications.