A plan to repeal and replace the Affordable Care Act floated by Republicans yesterday – which critics have already dubbed “Trumpcare” or “Obamacare Lite” – would permanently repeal the medical device tax effective Jan. 1, 2018.
A hold on the 2.3% tax on U.S. medical device sales went into effect at the beginning of 2016 and is slated to expire by the end of this year. The legislative plan released last night by GOP members of the U.S. House of Representatives would kill the tax for good effective Jan. 1, 2018.
The House GOP plan would also immediately remove the penalty for people who do not have health insurance and halt the expansion of Medicaid at the beginning of 2020, capping funding for the federal healthcare program for the poor. It would preserve a pair of popular Obamacare features: Allowing children to remain on family health plans until age 26 and barring insurers from denying coverage for pre-existing conditions.
Image Credit: MassDevice