Federal Tax Alert - May 2017

House Approves Affordable Care Act Repeal and Replacement Bill

The House voted along party lines on May 4 to approve a repeal and replacement plan for the Affordable Care Act (ACA). The American Health Care Act (AHCA) (H.R. 1628), approved by a 217 to 213 margin, would eliminate most of the ACA's taxes, including the penalties connected with the individual and employer mandates. The House bill now moves to the Senate where changes are expected; indeed, the Senate may craft its own ACA repeal and replacement bill. 

The following tax briefing covers this decision in detail and discusses the impact.