The healthcare industry will likely be impacted by the new tax bill Congress recently passed. What does this mean for consumers and healthcare providers?
In an article from PBS NewsHour, author Daniel Bush writes, “As House and Senate negotiators put the finishing touches on their tax plan, one thing is clear: the legislation will likely have a big impact on health care”.
In the article, Bush reaches out to economists, health care analysts and other experts for answers to key questions on the bill’s impact on health policy. They discuss:
- Repealing the individual mandate and the stability of the health care markets
- Has the mandate been effective in increasing coverage and lowering overall costs?
- How would reducing the government’s role in health care impact the economy?
Busch continues, “The tax bill could repeal the individual mandate — a centerpiece of the Affordable Care Act — and could also trigger cuts in Medicaid and Medicare funding down the line”. What is next for the healthcare industry?
To read more, see the full article from Daniel Bush in PBS NewsHour.