How to avoid a federal tax bill showdown

A federal tax cut bill passed by Congress is likely to come with steep cuts to the health care industry, but not all consumers will benefit.That’s because it would leave most people at a disadvantage in a national health care system, experts say.| AP Photo House Republicans plan to vote on a health care bill…

Published by admin inAugust 2, 2021
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A federal tax cut bill passed by Congress is likely to come with steep cuts to the health care industry, but not all consumers will benefit.

That’s because it would leave most people at a disadvantage in a national health care system, experts say.

| AP Photo House Republicans plan to vote on a health care bill next week that would cut Medicaid spending, but leave millions of Americans uninsured.

Here’s a guide to the major policy changes.

The Senate passed a bill last week that includes several major changes to Medicaid and the Medicare program for the elderly and disabled.

Some Republicans have said they plan to attach the Medicare cuts to a broader tax package, which is expected to include major cuts to Medicare, including the end of subsidies for Medicare Advantage plans and the elimination of some tax deductions for employers.

While the House plan would save $1.9 trillion over 10 years, the Senate bill would save more than $2 trillion.

A bipartisan group of Senate Democrats and three Republican senators have also introduced a bill that would repeal many of the major provisions of the Affordable Care Act, including those to improve coverage and reduce the cost of coverage.

Republicans have said the GOP-led Senate will act swiftly to pass the measure as soon as possible, but a number of analysts have warned the Senate could face backlash if it fails to do so.

Republican lawmakers, including Senate Majority Leader Mitch McConnell, said Thursday they would take steps to pass their health care package without Democratic support.

McConnell has been trying to secure support for his health care plan with his top advisers, but Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi are pushing for a bipartisan deal to be hammered out.

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