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nikibatts

(2,198 posts)
Thu May 4, 2017, 07:16 PM May 2017

Guess who is happy with the AHCA just passed.

ACA taxes repealed, effective January 1, 2017, except where otherwise noted:
- Tax penalties associated with individual and large employer mandate, reduced
to zero effective on January 1, 2016
- Cadillac tax on high-cost employer-sponsored group health plans is
suspended for tax years 2020 through 2025, no revenues shall be collected
during this period
- Increase in Medicare payroll tax (HI) rate on wages for high-wage individuals,
effective January 1, 2023; also 3.8% tax on unearned income for high-income
taxpayers
- Tax on tanning beds
Summary of the American Health Care Act 9
Endnotes
- Tax on health insurers
- Tax on pharmaceutical manufacturers
- Excise tax on sale of medical devices
- Provision excluding costs for over-the-counter drugs from being reimbursed
through a tax preferred health savings account (HSA)
- Provision increasing the tax (from 10% to 20%) on HSA distributions that are
not used for qualified medical expenses.
- Chronic care tax
- Codification of economic substance doctrine and penalties
 Annual limit on contributions to Flexible Spending Accounts (FSAs) repealed
 Annual limit on deduction for salary in excess of $1 million paid to employees of
publicly held corporations repealed
 Income threshold for medical expense deduction reduced from 10% to 5.8%
 Federal Medicaid funding capped, effective FY 2020; enhanced match for Medicaid
expansion population eliminated beginning January 1, 2020; and Medicaid DSH cuts repealed, effective FY 2020
 Manager’s amendment appropriates $1 billion for federal administration of the premium tax credit
changes, Patent and State Stability Fund, Medicaid changes, and other implementation responsibilities

http://files.kff.org/attachment/Proposals-to-Replace-the-Affordable-Care-Act-Summary-of-the-American-Health-Care-Act

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Guess who is happy with the AHCA just passed. (Original Post) nikibatts May 2017 OP
Well, that has always been the real reason for the bill... Wounded Bear May 2017 #1
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