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December 6, 2017

How tax bill could affect health care coverage

By RICARDO ALONSO-ZALDIVAR
Associated Press

WASHINGTON — The tax overhaul Republicans are pushing toward final votes in Congress could undermine the Affordable Care Act's health insurance markets and over time add to the financial squeeze on Medicare.

Lawmakers will meet this week to resolve differences between the House- and Senate-passed bills in hopes of getting a finished product to President Donald Trump's desk around Christmas. Also in play are the tax deduction for people with high medical expenses, and a tax credit for drug companies that develop treatments for serious diseases affecting relatively few patients.


 
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