As part of the budget deal set to pass today, Republicans (largely) have delayed two Obamacare taxes and extended a moratorium on federal funds for use in the “risk corridors” program.
Both the medical device tax and the Cadillac tax on expensive health insurance plans have been delayed, the first until Dec. 31, 2017, and the second until Jan. 1, 2020. Both are two-year extensions.
The risk corridors program is designed to compensate health insurers that lose money on the exchanges, but the assessment made on profitable companies hasn’t been sufficient to accomplish this. The Department of Health and Human Services had hoped for billions from the budget to close the gap, but the new budget extends a non-federal-funds clause from the last budget.
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