Tax Alert: ACA repeal and replacement
House Republicans have unveiled a repeal and replacement plan for the Affordable Care Act (ACA). The GOP’s American Health Care Act (AHCA) would eliminate most of the ACA’s taxes, including:
- Penalties connected with the individual and employer mandates
- The net investment income (NII) tax
- The additional Medicare tax
The excise tax on high-dollar health plans would be left in place, but delayed. A number of non-tax provisions related to scope of coverage, benefits and children would also remain.
The House GOP plan has been rejected by Democrats. Some Republicans have said the plan does not go far enough in repealing all of the ACA. As March moves forward, a vote on the House floor is eventually expected.
Read our summary for a high-level overview of the proposal, focusing on the tax provisions.
The information provided in this alert is only a general summary and is being distributed with the understanding that Plante Moran is not rendering legal, tax, accounting, or other professional advice, position, or opinions on specific facts or matters and, accordingly, assumes no liability whatsoever in connection with its use. ©2017 CCH Incorporated and its affiliates. All rights reserved.