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WASHINGTON, DC USA -- PHARMA UPDATE NEWS SERVICE -- MARCH 7, 2017: Sign up for your no-obligation, free trial to InsideHealthPolicy.com, the online news service on health care policy from the regulatory reporting experts at Inside Washington Publishers.
House Republicans have just unveiled their highly anticipated plan to replace Obamacare but uncertainty abounds regarding how the new plan will play out. Inside Health Policy is the essential health policy news source that can help you sort through the noise of the potentially tumultuous changes ahead.
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Key House Committees Unveil ACA Overhaul Bill, Plan Wednesday Markups
Two House committees on Wednesday will mark up legislation to repeal major Affordable Care Act provisions -- including the law's tax subsidies, individual and employer mandates and Medicaid expansion -- and in their place set up age-adjusted tax credits -- up to a certain income limit -- that could be used by consumers to purchase a health plan approved by a state and transform Medicaid to a per-capita cap system.
W&M ACA Overhaul Repeals Hospital Insurance Trust Fund Tax For High Earners
Democrats blasted the GOP health overhaul package as hurting Medicare, and a Democratic congressional aide pointed to concerns that a provision repealing a Medicare hospital tax levied by the Affordable Care Act on those with incomes over $200,000 could shorten the life of the Medicare Part A trust fund.
Dems Say GOP Bill Costly For Older Adults; GOP Senator Agrees Tax Credits Need To Help That Population
The House GOP's newly unveiled ACA overhaul bill was immediately slammed by Energy & Commerce Democrats as a plan that would charge older consumers more money for health coverage. Republican Sen. Rob Portman (OH) also said he hopes to ensure elderly people are treated fairly under the new tax credit system and wants to see Congressional Budget Office scores before voting on the legislation.
Medical Device Tax Repealed In House GOP's ACA Replacement Package
The medical device tax would be permanently repealed in House GOP leaders' plan to overhaul the Affordable Care Act. The 2.3 percent medical device excise tax was suspended by Congress for 2016 and 2017, and the legislative plan unveiled Monday (March 6) would permanently repeal the tax starting Jan. 1, 2018.
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