How the Republican Tax Cuts Will Impact the Health Care System

Conclusion The U.S. spends a whooping amount on health care—across the board. Its’ commitments in this area of the economy are huge. Health spending is forecast to rise at a rapid clip over the next decade. Without substantial changes in the way we pay for health care that leads to a reduction in the rate of increase, rising expenditures are unavoidable and become unsustainable if other societal needs are to be met. Tax cuts and reforms that add to deficit spending and seek to reduce health care spending growth by (a) slashing budgets, (b) eliminating coverage or benefits and/or (c) shifting costs to consumers—without making major structural changes in the way we pay for care and how much we pay—are a dereliction of fiduciary duty. In this context, the Republican tax bills and the Trump administration’s 2018 budget are bad law and bad policy and should be rejected.  
Source: The Health Care Blog - Category: Consumer Health News Authors: Tags: Uncategorized CBO Corporate Tax Rate Tax system Source Type: blogs