On July 28, 2017, the Senate rejected the so-called "skinny" Affordable Care Act (ACA) repeal bill the Health Care Freedom Act (HCFA). With the failure of the HCFA, the ACA continues to remain the law of the land. But future attempts to pass alternate repeal and/or replacement laws will likely continue even as the Senate moves on to other legislation.
If HCFA would have passed, the law included a repeal of the ACA's individual and employer mandate penalties as well as increased contribution limits to Health Saving Accounts (HSAs). Though it still required employer to complete the ACA's Section 6055 and/or Section 6056 reporting.
The Congressional Budget Office (CBO) Report estimated that HCFA would have increased the number of uninsured by 15 million and increase premiums in the individual market by 20% between 2018 and 2026.
Changes to the ACA seem inevitable but until legislation is passed and signed by the President, employers and individuals must continue to abide by the rules and regulations of the ACA.
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