Money

Senate Republicans will try to repeal a core piece of Obamacare in their massive tax bill

8 monthes ago   |   By

AP
Senate Republicans are set to include the repeal of a key part of Obamacare in their tax bill to raise revenue.
The idea has the support of top Republican senators and President Donald Trump.
It could prompt opposition from moderate GOP senators since it could lead to 13 million more people going without health insurance.
Even as Republicans embark on their attempt to overhaul the federal tax code, the fight over the future of the Affordable Care Act is again coming to the forefront.
Senate Republican leaders on Tuesday said the massive tax bill in the chamber would include the repeal...
Read more ...

 

Repealing the individual mandate in tax reform would be an admission Republicans are giving up on healthcare

Repealing the individual mandate in tax reform would be an admission Republicans are giving up on healthcare

8 monthes ago   |   By

REUTERS/Jonathan Ernst
Senate Republicans are set to include a provision to repeal the Affordable Care Act's individual mandate in their legislation to overhaul the federal tax code.
The money saved from the move was supposed to go toward other healthcare-focused priorities.
At the urging of President Donald Trump and Sen. Rand Paul, Senate Republicans are now set to include a repeal of the Obamacare individual mandate as part of their tax cut package.
Counterintuitively, repealing the tax penalty that gets imposed on the uninsured would substantially reduce the budget deficit. This is...
Read more ...

 


Search by Tags

   Money      Health      Idea      Insurance      Ideas      Rand Paul      Ted Cruz      Tom Cotton      Donald Trump      Obamacare      Obamacare Repeal      Senate GOP Tax Bill      Senate Republican Tax Plan      Tax Cuts and Jobs Act      Trump Tax Plan      Tax Reform      PoliticsOpEd  


19 of the most popular deals Business Insider readers bought on Amazon Prime...

19 of the most popular deals Business Insider readers bought on Amazon Prime Day this year - including a few surprises

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we may get a share of the revenue from your purchase. Amazon... Read more ...

London's Heathrow Airport Sometimes Hosts 'Ghost Flights' With No One on Them

London's Heathrow Airport Sometimes Hosts 'Ghost Flights' With No One on Them

Six times per week, an empty plane used to fly from London's Heathrow Airport to Cardiff, Wales. The next day, the plane would make the return trip without a single passenger... Read more ...

The top 5 startups disrupting healthcare within AI, digital therapeutics...

The top 5 startups disrupting healthcare within AI, digital therapeutics, health insurance, and genomics

Business Insider Intelligence The healthcare industry is facing disruption due to accelerating technological innovation and growing demand for improved delivery of healthcare... Read more ...

Trump says he'll be the 'worst enemy' Putin's ever had if their talks don't...

Trump says he'll be the 'worst enemy' Putin's ever had if their talks don't work out

Justin Sullivan/Getty Images President Donald Trump distanced himself from allegations that he was cozying up to Russia. Trump said if Russian President Vladimir Putin crossed... Read more ...

LARRY SUMMERS: Trump just took another step toward turning the US into a...

LARRY SUMMERS: Trump just took another step toward turning the US into a 'banana republic'

President Donald Trump told CNBC that he's not happy with the Federal Reserve's interest rate hikes, challenging central-bank independence and sending the US dollar... Read more ...

Amazon reportedly had a 300-person conference call to deal with the Prime...

Amazon reportedly had a 300-person conference call to deal with the Prime Day glitches

Getty/Chip Somodevilla When Amazon started to have technical glitches during Prime Day, it raced to set up a lightweight landing page and cut off international traffic to keep... Read more ...

10 iridescent Disney World treats you'll want to Instagram ASAP

10 iridescent Disney World treats you'll want to Instagram ASAP

Flickr / Joe Penniston Get ready for all things shiny, shimmering - and absolutely delicious. The newest trend taking over the parks and resorts of Walt Disney World this... Read more ...

Within 24 hours, 2 of Trump's top intelligence officials hint that they've...

Within 24 hours, 2 of Trump's top intelligence officials hint that they've considered resigning

Reuters Two of President Donald Trump's top intelligence officials hinted that they've considered resigning from their positions. FBI Director Christopher Wray and Director of... Read more ...

Putin reportedly proposed holding a referendum to solve the conflict in...

Putin reportedly proposed holding a referendum to solve the conflict in Ukraine in his closed-door meeting with Trump

Kevin Lamarque/Reuters Russian President Vladimir Putin reportedly proposed solving the conflict in eastern Ukraine with a referendum during his one-on-one meeting with... Read more ...

America's intelligence chief found out during a live interview that Trump...

America's intelligence chief found out during a live interview that Trump wanted to bring Putin to Washington: 'OK. That's gonna be special'

Aaron Bernstein/Reuters Director of National Intelligence Dan Coats on Thursday reacted with surprise in learning the White House is working to bring Russian President Vladimir... Read more ...