Congress Moves to Pause Obamacare Taxes, Causing Barely a Ripple
- Device-maker layoffs, employer coverage changes tough to undo
- Bill delays levies on devices, insurers, Cadillac plans
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A set of delays on Obamacare-related taxes in the new federal spending bill will give corporate earnings a modest boost but are unlikely to undo the law or produce significant changes in the health-care industry.
Medical-device companies such as Medtronic Plc, health insurers like UnitedHealth Group Inc., and big employers across the U.S. have been preparing for years for a slate of new taxes under the Affordable Care Act. They’ll find it easier just to collect extra profit from a tax cut rather than undo those changes, such as job reductions and revamped health benefit plans.