American Health Care Act – House Passes ACA Replacement Bill
On May 4, 2017, House Republicans passed the latest version of the American Health Care Act (AHCA), which repeals most of the Affordable Care Act (ACA) taxes including the employer and individual mandate penalties. No Democratic representatives voted for the bill, which narrowly passed with a vote of 217-213. The Senate will now take up the “repeal and replace” task started by House Republicans.
Large employers should continue efforts to comply with the ACA, including maintaining appropriate records to comply with the Form 1095-C and Form 1094-C reporting requirements for 2017, until legislation is enacted. Any developments regarding the repeal, replacement or amendment of the ACA will be reported in For Your Benefit.