At the end of last week, U.S. Congress passed and President Obama signed a federal budget bill for 2016 that makes significant changes to three tax provisions under the Affordable Care Act (ACA). This federal budget bill will:
- Delay implementation of the ACA’s Cadillac tax on high-cost group health coverage for two years, until 2020;
- Impose a one-year moratorium on the collection of the ACA’s health insurance providers fee, for 2017; and
- Impose a two-year moratorium on the ACA’s medical device excise tax, for 2016 and 2017.
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