BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
The House of Representatives Wednesday approved and sent to President Barack Obama budget legislation that would repeal key provisions of the health care reform law.
The legislation, H.R. 3762, approved on a 240-181 near party-line vote and certain to face a presidential veto, would repeal provisions of the Patient Protection and Affordable Cared Care Act that impose penalties on employers that do not offer coverage to at least 95% of their full-time employees.
Employers this year also face a penalty, which is $3,240 per affected employee, if they offer coverage that exceeds 9.5% of the employee's household income and the worker uses a federal premium subsidy to obtain coverage in a public exchange.
The measure, which already has been approved by the Senate, also includes a provision that would repeal the 40% excise tax on the portion of group health care premiums that exceed $10,200 for single coverage and $27,500 for family coverage. President Obama already has signed separate legislation that delayed imposition of the Cadillac tax until 2020.
The White House said earlier that President Obama would veto the latest budget reconciliation measure, and observers say congressional supporters lack enough votes to override the veto.
While the measure is likely to die, employer groups hope it will lead to new congressional action to kill the excise tax, the employer mandate and other objectionable ACA provisions.
“While we do not expect any tangible results from this current budget reconciliation measure, we do hope that it presages further congressional efforts to tackle and revamp some key remaining pieces of the ACA, such as repeal of the 40% excise tax, as well as elimination of the employer mandate and attendant reporting requirements,” said Gretchen Young, senior vice president of health policy at the ERISA Industry Committee in Washington.
The last major congressional action of 2015 —passage of a massive tax and government spending measure — could delay government regulators issuing the last major rule under the health care reform law.