After the Republican Tax Cuts and Jobs Act repealed Obamacare’s individual mandate, many still wonder whether Republicans can repeal Obamacare in 2018.
Here’s what’s next for Obamacare in 2018.
The Tax Cuts and Jobs Act repealed the Affordable Care Act’s individual mandate. Obamacare mandated that Americans who forgo health insurance would have to pay $695 or 2.5 percent of their income, whichever is larger. The Internal Revenue Service (IRS) found that 80 percent of those who pay the Obamacare mandate fine make less than $50,000 a year, making the mandate’s repeal a huge middle-class tax cut.
Even though Republicans repealed the individual mandate, much of the Affordable Care Act remains intact. Obamacare still requires employers with businesses with more than 50 or more full-time employees still have to provide their full-time employees health insurance, regardless of the cost to the business.
The Republican Tax Cuts and Jobs Act repealed Obamacare’s individual mandate, effective in 2019. On Thanksgiving, President Donald Trump promised to return to Obamacare repeal after passing historic tax reform legislation.