Specialist in Aging and Income Security
On March 23, President Obama signed health care reform legislation into law—the Patient Protection and Affordable Care Act (PPACA; P.L. 111-148), some provisions of which are amended by the Health Care and Education Reconciliation Act of 2010 (P.L. 111-152). PPACA will, among other things, raise revenues to pay for expanded health insurance coverage by imposing excise taxes and fees on industries in the health care sector, limiting tax-advantaged health accounts, increasing the Medicare payroll tax on upper-income households and adding an additional tax on net investment income on upper-income households. The new law will also eliminate the tax deduction for expenses allocable to the Medicare Part D subsidy to employers.
This report summarizes the health-related revenue provisions in PPACA.
Date of Report: May 3, 2010
Number of Pages: 12
Order Number: R41128
Document available via e-mail as a pdf file or in paper form.
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Thursday, May 13, 2010