News Release: HAP Statement about Passage of the Tax Cuts and Jobs Act
December 20, 2017
Earlier today, H.R. 1 (known as the “Tax Cuts and Jobs Act”), legislation to overhaul the nation’s tax system, cleared a final vote of Congressional approval. After the vote, Andy Carter, president and CEO of The Hospital and Healthsystem Association of Pennsylvania (HAP), released the following statement:
“The Tax Cuts and Jobs Act provides Pennsylvania’s not-for-profit hospitals and health systems with opportunities to invest in their facilities through the preservation of tax exemption for private-activity bonds. This program will allow hospitals to make key enhancements that can help these facilities continue to improve the quality of care and provide new resources for the communities they serve.
“Additionally, we are thankful that the medical expense deduction was retained. This is an important policy that helps ease financial burdens for those with exceptionally high medical costs.
“Despite these positive outcomes, the hospital community remains deeply concerned that the final plan included provisions to strip out the shared commitment to obtain health insurance coverage.
“We agree that the Affordable Care Act has flaws; however, we continue to advocate for repairs that will preserve access to affordable, reliable health care coverage, and ensure that the insurance marketplace remains stable and strong. Simply eliminating the individual mandate could lead to millions more uninsured Americans, and place great pressure on the insurance system.
“HAP and the hospital community thank members of the Pennsylvania Congressional delegation who support strong hospitals and access to comprehensive insurance coverage. We will continue to be a good partner in advocating common-sense, bipartisan solutions to help promote access to health insurance coverage and to stabilize the insurance marketplace.”