From the Desk of C.G. Johnson & Company
Well there has been some new movement in the American Health Care Act of 2017 – Good bad or otherwise, I thought I would share this with you. Here are some of the changes up for vote as of today.
|Today, the House of Representatives passed the GOP’s proposed American Health Care Act (AHCA) plan in a 217 to 213 vote. The plan would repeal and replace several provisions of the current Affordable Care Act (ACA) by amending contribution limits to HSAs, returning the medical expense deduction AGI threshold to 7.5% and repealing certain taxes enacted under the ACA.
The following are a few of the changes that would result if the bill passes in the Senate:
At this time, it is uncertain whether the Senate will pass the bill. However, the bill cannot be filibustered by the Senate and only needs a simple majority to pass. As it moves through this step in the process, it is absolutely vital to stay informed and educated on what this bill could mean for you and your clients.
We’re closely monitoring this legislation and will update you as developments occur.