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

Lenise Willis, editor in chief; Anne-Marie Earl, managing editor; Cammie Collier, art director; and Brianna Glenn, assistant editor, love reviewing new products for Gifts and Decorative Accessories . The team stays on top of the latest trends in bath and body, candles, gourmet items, stationery, home décor, fashion and more, and love chatting about their latest finds. Check in each week for more of their latest picks on GiftRap, and see more of the team on their new bi-weekly video series, Thoughts That Count.

Buyers Guide Search
Search for Products/Companies

Featured Video

Subscribe to
Gifts & Dec Direct
Receive the news you need to know about the trends in the industry delivered right to your inbox.

AmericasMart ICON Honorees

ICON videos of honorees

Excellence and superior achievement in the home and gift industry were recognized in July at AmericasMart's eighth annual ICON Honors. Enjoy these video stories celebrating the 2017 award recipients: Spicher and Company, Bloomingville, Wolf Gourmet, Her Majesty's English Tea Room, Kurt S. Adler, Inc., and Chris Rosse, Rosse and Associates. See the videos!

CURRENT ISSUE

GDA Cover September 2017

See the September 2017 issue of Gifts & Dec.  We look at how Millennials are changing the tabletop industry, plus what retailers can do to reduce theft. Get details!