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BCRA (Better Care Reconciliation Act) Notice
Richard C. Healy
As
you may know, the U.S. Senate introduced a bill to repeal and replace
the Affordable Care Act (otherwise known as Obamacare).
The bill, called the Better Care Reconciliation Act (BCRA), is the Senate’s response to the American Health Care Act (AHCA), which the House passed last month. Upon introduction of the BCRA, it was anticipated a vote would be taken before Congress went on a week-long 4th of July recess.
It now appears that vote won’t happen until after their break. Because the bill is a “reconciliation” bill, it requires only a majority vote in order to pass the Senate. At this point, it is still unclear if there is enough Republican support to achieve the majority.
Some of the key changes in the BCRA include the repeal of the ACA’s individual and employer mandate penalties and changes to Flexible Spending Accounts (FSA), including the contribution limits. However, most of the discussion related to the BCRA will be regarding Medicaid.
There are significant implications to employers and individuals about the BCRA in the event that the bill is passed. Check back for more updates on the matter.
