Retailers Welcome Committee Vote to Repeal Obamacare

nrf USE THIS ONEWASHINGTON – The National Retail Federation welcomed the House Budget Committee’s 19-17 approval today of Obamacare repeal-and-replace legislation, which sets the stage for a vote by the full House as soon as next week.

“This legislation contains many long-sought victories for retailers, most importantly the effective repeal of the employer mandate,” NRF Vice President for Health Care Policy Neil Trautwein said. “Health insurance reform was supposed to make coverage more affordable. Instead, Obamacare emphasized mandates that only drove up expenses for the employers who provide the vast majority of that coverage. Now we have a chance to get it right by moving our nation toward a more competition-driven health care market, and this bill takes a number of significant steps in that direction. Overall, this is a very good deal for retailers.”

Legislation approved this morning includes several provisions supported by NRF. It would effectively repeal the Affordable Care Act’s employer mandate by reducing the penalty for non-compliance to zero; repeals the so-called Cadillac tax on high-value health plans until 2025; would lead to future insurance premium savings by repealing the health insurance tax, medical device tax and pharmaceutical tax; increases flexibility for health savings accounts; and takes a substantial first step toward Medicaid entitlement reform.

GDA Staff | News & Commentary

Gifts and Decorative Accessories delivers the latest gift and toy industry news, new product introductions, important consumer trends, store operation solutions, trade show news, technology updates and much more.

Featured Video

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos


GDA Digital Edition for May 2017

See the May 2017 issue of Gifts & Dec.  From Snarky Stationery to Genuine Greetings, Millennials Flock to Paper.  Plus we discuss Today's Gift Retailer Survey, The Latest Fashion Below the Knees, and How Consumers are Stocking the Wet Bar. Get details!