Yesterday, President Trump signed a bill which will provide funding for the U.S. government for an additional three weeks, through February 8, 2018, ending the government shutdown. Importantly for our readers, the bill included the following provisions:
- Delay of the “Cadillac” Tax on high-cost employer-sponsored health plans for two additional years—until January 1, 2022;
- Delay of the medical device tax until January 1, 2020;
- Moratorium of the Health Insurance Tax for 2019 (even though the tax remains in effect for 2018); and
- Funding of the Children’s Health Insurance Program (CHIP) for 6 more years.
We will continue to monitor future Congressional activity in Washington and will provide updates as appropriate.