U.S. Senate Tax Bill Would End Health Insurance Mandate
Washington, November 16 (RHC)-- In the United States, Senate Republicans have added a repeal of the Affordable Care Act’s individual health insurance mandate to their plan to overhaul the U.S. tax code. The plan would end a requirement that most Americans obtain health insurance or face a tax penalty -- a linchpin in keeping former President Barack Obama’s signature healthcare law from collapsing.
Meanwhile, the Congressional Budget Office warns that the House Republicans’ tax bill would trigger $25 billion in cuts to Medicare next year. Both the House and Senate plans would shower billions of dollars in tax cuts on the wealthiest Americans.
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