Here are four takeaways:
1. More than 150 million Americans under the age of 65 now receive their health insurance through their employer.
2. Committee Chairman Kevin Brady (R-Texas) contended that the tax break limits the number of choices available to employees who might want to shop for a healthcare plan that might better fit their needs, and that the tax break may also contribute to higher costs.
3. Rep. Sander Levin (D-Mich.) defended the proposal and said it was another in a long series of attempts to undermine the ACA’s expansion of healthcare coverage.
4. The National Retail Federation, a trade group representing retailers, asked the House Ways and Means Committee to reject proposals to cap the exclusion of employer-provided health benefits from federal income tax.
More articles on coding, billing & collections:
New York payers offer alternative health plan to avoid fines: 4 things to know
California jury awards Aetna $37.4M in ASC billing fraud scheme: 6 key notes
3 things to know about claims & ICD-10
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