Navigation Links
CCH Briefing Details Tax Provisions of House Health Care Bill
Date:11/9/2009

RIVERWOODS, Ill., Nov. 9 /PRNewswire/ -- The House version of health care reform - the Affordable Health Care for America Act, which passed by a vote of 220-215 on Saturday, November 7, 2009 - mandates several significant changes to the tax code and differs in many ways from the tax provisions likely to appear in any Senate version, requiring extensive reconciliation to reach final agreement. CCH has issued a Special Tax Briefing on the tax provisions of the legislation, detailing differences between House and Senate versions. To read the Briefing, click here.

"Both House and Senate approaches to health care reform use the tax code in two basic ways - to broaden insurance coverage through tax incentives and penalties on the one hand, and on the other hand simply to raise revenue to pay part of the costs, even if the revenue raisers aren't directly related to coverage issues," said CCH Principal Federal Tax Analyst Mark Luscombe, JD, LLM, CPA.

For example, the House bill imposes a new 4.5 percent surtax on incomes above $500,000 for single filers, $1,000,000 for joint filers and surviving spouses, expected to raise more than $400 billion over 10 years to help pay for nearly universal coverage. Although a final version of the Senate bill is still being fine-tuned, it will not contain an income tax surcharge and is almost certain to contain a tax on "Cadillac" insurance plans, with more generous benefits and higher premiums than typical plans, a provision lacking in the House bill.

"There are dozens of differences between House and Senate tax provisions. Some are minor and easy to reconcile, but many differ in very fundamental ways. Assuming that health care reform passes in the Senate, a conference committee will have a lot of work just to iron out these tax issues on the way to a final bill," Luscombe said.

CCH Tax Briefings

To read the 2009 Health Care Reform Briefing, click here. Timely, current analysis of other tax legislation can be found at CCH Tax Legislation Coverage.

About CCH, a Wolters Kluwer business

CCH, a Wolters Kluwer business (CCHGroup.com) is a leading provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. CCH is based in Riverwoods, Ill. Wolters Kluwer is a leading global information services and publishing company. Visit http://www.wolterskluwer.com for information about our market positions, customers, brands, and organization.

SOURCE CCH, a Wolters Kluwer business


'/>"/>
SOURCE CCH, a Wolters Kluwer business
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. New Audio Briefing Explains Obama Administration's Workplace Law Priorities
2. The American Society of Human Genetics to Host Press Briefing on 'Personalized Medicine and the Future of Health Care Practice' at 59th Annual Meeting
3. Katrina Hero, Lt. General Russel Honor (Ret.), to Speak on H1N1 Flu Preparedness at Press Briefing Following AmeriHealth Mercy/PerformRx Conference
4. Onyx Pharmaceuticals to Host Investor Briefing Following ECCO/ESMO Oncology Congress
5. Experts Outline Challenges to Translational Research in the United States at a Capitol Hill Briefing, Emphasizing the Importance of Bringing Medical Innovation from Bench to Bedside
6. MHPA Hosts Policy Briefing on Medicaid Health Plans in Health Care Reform
7. Translational Research: From Bench to Bedside Capitol Hill Breakfast Briefing Hosted by the Council for American Medical Innovation
8. U.S. Leadership in Medical Innovation Depends on Education and Immigration Policy, Say Experts at Capitol Hill Briefing on Education & Immigration: Building Blocks of Innovation
9. Joint Briefing on Proposed Health Care Reform
10. Council for American Medical Innovation to Host Capitol Hill Breakfast Briefing on Education and Immigration: The Building Blocks of Innovation
11. CCH Briefing Highlights Tax Provisions of Health Care Reform Proposals
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/29/2017)... CT (PRWEB) , ... March 29, 2017 , ... HealthCareMandA.com ... —on Thursday, April 20, 2017, at 1:00 PM ET. A recording of the webinar ... the Interactive Webinar Series. , Home health and hospice companies are still popular targets ...
(Date:3/29/2017)... ... 2017 , ... Immunotherapy has emerged as one of the most promising options ... be the next revolution in our fight against this complex disease. One of the ... checkpoint inhibitors such as PD-1 and PD-L1 inhibitors. , While a few single analyte ...
(Date:3/29/2017)... ... March 29, 2017 , ... ... Pittsburgh now have easier access to the robotic-assisted total-hip and partial-knee replacement ... (AHN). Orthopaedic surgeons at Forbes Hospital and Jefferson Hospital recently started performing ...
(Date:3/29/2017)... PA (PRWEB) , ... March 29, 2017 , ... The ... W’80, WG’81, and Julie Taffet Moelis, W’81, have made a $10 million gift to ... deferred admission opportunity that will provide a pathway to a Wharton MBA for highly-qualified ...
(Date:3/29/2017)... ... ... has helped over 1.5 million SharePoint users learn the content management system faster and ... for SharePoint was at the farm level. Enterprises using SharePoint Online in Office 365 ... recently released a modified version of the Help System, VisualSP for Site Collections, which ...
Breaking Medicine News(10 mins):
(Date:3/29/2017)... -- According to a new market research report "Medical Radiation ... Survey Meter, Solid-State), Products (Personal Dosimeters, OSL, Badges), Safety (Apron, Shields, Face ... market is expected to reach USD 1,215.4 Million by 2021 from USD ... 2021. Continue Reading ... ...
(Date:3/29/2017)... 29, 2017  The Pharmaceutical Care Management Association (PCMA) ... report on patient out-of-pocket spending: ... Services (CMS), the average amount spent out-of-pocket for drugs ... spending in 2016, down from 23% in 2006. ... not a coverage problem. Health plans don,t have unlimited ...
(Date:3/29/2017)... 29, 2017  Spiral Therapeutics, Inc. today announced ... Farma, S.L. for the worldwide exclusive rights to ... the field of otolaryngology for aggregate payments of ... The agreement provides Spiral with the option to ... product profile. Under the terms of the agreement, ...
Breaking Medicine Technology: