Trump signs spending bills that scrap ACA taxes

President Donald Trump on Dec. 20 signed a nearly $1.4 trillion spending package, which repeals three ACA taxes, according to CNBC.

Advertisement

The bills, which are considered a win for health insurance companies and medical device makers, repeal the ACA’s health insurer tax, medical device tax and Cadillac tax, a 40 percent excise tax on high-cost employer-provided insurance plans.

The bills, which fund the federal government through the end of fiscal year 2020, also delay payment cuts to disproportionate share hospitals, fund gun violence research and raise the minimum age to purchase, cigarettes, e-cigarettes and other tobacco products to 21 years.

More articles on leadership and management:

Trump, healthcare groups respond to ruling on ACA’s individual mandate
13 healthcare CEOs share the hardest part of their days
Northwell Health commits $1M to fight gun violence

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Leadership & Management

Advertisement

Comments are closed.