Healthcare Industry Braces for Multiple Hits From Senate Tax Bill

The proposed tax bills, likely raising premiums and disrupting current insurance coverage, will significantly impact the health sector.

In an article from Modern Healthcare, author Harris Meyer writes, “Experts caution that the legislation will have big downstream effects on funding for Medicare, Medicaid, Affordable Care Act subsidies and other federal and state healthcare programs”.

In the article, Meyer discusses:

  • Pressure for nonprofit health systems
  • Medicare and Social Security
  • Academic medical centers

Meyer continues, “Healthcare industry analysts also are worried about the Senate bill’s repeal of the federal deduction for state and local taxes paid by individuals. That likely would create pressure in states with relatively high state and local taxes, like California and New York, to reduce taxes, leading to less revenue for funding Medicaid and other healthcare programs”. What are your thoughts on the current condition of healthcare in America?

To read more, see the full article from Harris Meyer in Modern Healthcare.

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