Critically important provisions in the bill would repeal a substantial number of the most harmful provisions in the Affordable Care Act (ACA): the health insurance tax, the medical device tax, and the tax on prescription medications; restrictions on the use and limitations on contributions to health savings accounts and flexible spending accounts; and the penalties associated with the employer mandate.
Just as importantly, the AHCA would preserve the longstanding tax treatment of employer sponsored coverage through which 177 million individuals receive their health care coverage. The Chamber is also pleased that the bill would delay the 40 percent “Cadillac” tax; the Chamber looks forward to working with Congress to eventually repeal the tax completely. The tax relief provided by this legislation is critical to economic growth.
Due to the tremendous harm that these particular taxes will cause employers and employees alike, the Chamber urges you to support this bill and repeal the provisions in the ACA that are threatening to undermine the employer-sponsored health care system. While the Chamber recognizes that further improvements need to be made, passage of this legislation is absolutely critical to restore choice, flexibility, and innovation to America’s health care markets.