NAIFA Issues Statement on ACA Repeal and Replace Legislation

NAIFA President Paul Dougherty issued the following statement on the proposed legislation to repeal and replace the Affordable Care Act:

"NAIFA continues to review the American Health Care Act and looks forward to working with Congress to help lower costs and ensure coverage is available to all citizens—without jeopardizing the high quality of care American consumers expect. Many of the provisions appear to align with NAIFA’s recommended health principles. NAIFA is pleased the legislation does not cap the tax exclusion of employer health benefits and that many of the 2010 taxes, including the 3.8% investment tax payable by high income individuals, are rolled back. While NAIFA would have preferred to see the Cadillac tax repealed,  we welcome the additional delay until 2025. Unfortunately, the ACA’s requirement that insurance companies spend at least 80 percent or 85 percent of their premium income on medical expenses is not modified to remove the agent’s compensative from the medical loss ratio calculation.
  • Posted March 7, 2017 IN

Blog post currently doesn't have any comments.