TAX SLASH: SENATE STRIPS OBAMACARE MANDATE

  • Senate GOP leaders said their tax reform bill will include repeal of Obamacare individual mandate
  • The mandate requires most Americans to have some form of health coverage during the year or pay a tax penalty.
  • An estimated 13 million fewer people would have insurance if the mandate were to be repealed, the Congressional Budget Office has estimated.

Senate Finance Committee to include repeal of individual mandate in tax bill from CNBC.

 

The proposed Republican tax reform bill will include repeal of Obamacare’s individual mandate requiring most Americans to have some form of health insurance or pay a tax penalty, GOP leaders said Tuesday.

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The decision means that Republicans, yet again in 2017, will attempt to gut a key element of the Affordable Care Act.

So far, such efforts have failed because not enough Republican senators have backed the idea of repealing the mandate, which would lead to an estimated 13 million more people lacking health insurance.

“We’re optimistic that inserting individual mandate repeal would be helpful,” said Senate Majority Leader Mitch McConnell, R-Ky. on Tuesday afternoon after a lunch meeting with the Republican conference.

Sen. Tom Cotton, R-Ark., said, “I’m pleased the Senate Finance Committee has accepted my proposal to repeal the Obamacare individual mandate in the tax legislation.”

https://www.cnbc.com/2017/11/14/senate-leaders-say-they-will-consider-repeal-of-obamacare-mandate.html

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