Republican Proposed American Health Care ActMarch 10, 2017
Republican leaders in the U.S. House of Representatives have released the American Health Care Act, a bill which seeks to “repeal and replace” the Affordable Care Act (ACA). The primary House committees with jurisdiction over health care finished deliberating the bill on Thursday, March 9th. The bill now proceeds to the Budget Committee for additional review starting on Wednesday, March 15th. When the committees are done making changes, the bill will go to the House floor for continued debate and potential changes before the House votes. If the bill passes the House, it will proceed to the Senate.
In its current state, the bill eliminates the individual mandate to have health insurance and the employer mandate to offer health insurance. There are also numerous other provisions, including adjustments to the individual market premium rating ratios and Marketplace tax credits. It is important to note that non-budget items, such as employer reporting responsibilities, cannot be addressed through this budget reconciliation bill. Significant changes to this proposed bill are expected.
Click here to download the text of the proposed American Health Care Act. An overview of the proposed legislation is available, as well as section-by-section summaries from the House Energy and Commerce and Ways and Means committees.
Until this legislation, or any other proposed ACA “repeal and replace” legislation, is passed by the House and Senate and signed into law by the President, ALL existing ACA requirements remain in effect, including reporting and penalties for noncompliance.
If you have questions on how to comply with the ACA, please contact your Keller account team.