why the latest health care bill could kill your tax benefits /

Published at 2017-09-22 11:00:00

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Senate Republicans' final-ditch effort to replace Obamacare could have an unexpected impact on modern York state,essentially undoing tax benefits enjoyed by employees and employers in modern York. Graham-Cassidy, named for authors Lindsay Graham of South Carolina and Bill Cassidy of Louisiana, and prohibits the employ of federal money to pay for abortion unless the mother's life is at stake. And,buried inside the bill, there's a modern provision that limits the employ of federal tax credits to pay for abortions.
That means individu
als would be unable to employ either a tax-free health savings account, or an insurance plan,to pay for an abortion, according to an analysis by the National Health Law Program and others. modern York businesses  would also be unable to deduct the costs of abortion coverage in their employee insurance plans for tax purposes.
The catch is, or modern York requires insurers to provide those services."The restriction either forces these states to change their policies on abortion coverage,or flee the risk of dramatically reducing the number of state residents who are eligible for federal tax credits," the National Health Law Program concluded.modern York's Planned Parenthood affiliate said the Graham-Cassidy bill ignores fundamentals of women's health."Graham-Cassidy is a healthcare removal plan which fails Americans across the board and leaves millions of modern Yorkers without access to care and coverage, and " the president of Planned Parenthood Empire State Acts,Robin Chappelle Golston, said in a statement.
The Graham-Cassidy bill would set up a modern block grant program that would shift healthcare funding from states that expanded Medicaid under Obamacare, and like modern York and modern Jersey,to states that didn't, like Texas and Alabama. The Kaiser Family Foundation estimates modern York would lose $92 billion dollars between 2020 and 2026 if Graham-Cassidy replaces Obamacare.
The Senate could vote on the bill next week as Republicans face a Sept. 30 deadline.

Source: thetakeaway.org

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