Retailers Ask House to ‘Close the Book’ on Obamacare by Passing Repeal-and-Replace Legislation - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 20, 2017 Newswires
Share
Share
Post
Email

Retailers Ask House to ‘Close the Book’ on Obamacare by Passing Repeal-and-Replace Legislation

Business Wire

WASHINGTON--(BUSINESS WIRE)-- The National Retail Federation today urged the House to approve Obamacare repeal-and-replace legislation expected to come up for a vote this week, and said the issue would be counted as a key vote in its annual voting scorecard.

“It is time now to finally close the book on the Affordable Care Act and start a new chapter in health care,” NRF Senior Vice President for Government Relations David French said in a letter to House members. “The best course of action is to repeal the ACA and begin a truly bipartisan discussion and debate on the future of our health care system.”

The House plans to vote this week on the American Health Care Act, which uses budget reconciliation procedures to repeal key parts of the 2010 Affordable Care Act. That means the legislation can get through the Senate with only 51 votes rather than the 60 that would normally be required to overcome an expected filibuster, but limits the repeal to provisions of the ACA that have a revenue impact.

Lawmakers who want to do more have been unable to show that they have the 60 votes that would be needed, but French said the pending bill can achieve substantial change and “is the real repeal vote.”

“We have little patience for those who criticize this legislation for not going further to repeal the ACA,” French said. “The budget reconciliation process offers a pathway through the Senate, past an inevitable filibuster. The AHCA is reasonable legislation that will be signed into law.”

Among other provisions, the legislation would effectively repeal the ACA’s employer mandate that businesses provide health insurance to full-time workers. While budget reconciliation does not allow the mandate to be repealed outright, the bill would reduce the penalties for non-compliance to zero.

The legislation would also delay the so-called Cadillac Tax on high-value health plans until 2025, and would repeal its health insurance tax, medical device tax and pharmaceutical tax permanently. It would also increase flexibility for health savings accounts and would take a substantial first step toward Medicaid entitlement reform.

NRF opposed passage of the ACA and has sought its repeal ever since while working with Congress to mitigate the impact of its most onerous provisions. Rather than lowering costs, the controversial law emphasized mandates that have driven up health insurance expenses for employers.

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

PERMALINK

View source version on businesswire.com: http://www.businesswire.com/news/home/20170320005856/en/

National Retail Federation (NRF)

J. Craig Shearman (855) NRF-PRESS

PRESS@NRF.com

Source: National Retail Federation (NRF)

Older

Argo Group Releases 2016 Annual Report

Newer

Combine Solicitation – 65– STRYKER SURGICAL ATTACHMENTS

Advisor News

  • CT governor’s candidates claims: What’s true, and what’s misleading
  • Retaining clients by giving them a memorable experience
  • Addressing the longevity paradox
  • Employers shift focus from retirement access to financial outcomes
  • Helping widowed clients navigate their new financial reality
More Advisor News

Annuity News

  • Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
  • Symetra and TIAA Announce Launch of Mariner Re
  • Jackson Launches Suite of Fixed Index Annuities Focused on Accumulation
  • Farm Bureau P&C insurers post first underwriting gain since 2021
  • Legacy Marketing, Malibu Life launch two fixed indexed annuities
More Annuity News

Health/Employee Benefits News

  • Study: Colorado's Medicaid covers more services than private insurance
  • Healthcare affordability and access could shape Congress’ post-midterm priorities
  • The percentage of people without health insurance is growing
  • Shopping for ACA plan this year? Here’s what you need to know
  • 10 things to know about open enrollment for 2027
More Health/Employee Benefits News

Life Insurance News

  • Northwestern Mutual announces record $10B dividend payout
  • South Carolina, Atlantic Coast mediation fails to resolve reserving dispute
  • Life insurer ordered to stop selling policies in Virginia
  • Symetra and TIAA Announce Launch of Mariner Re
  • Jackson Launches Suite of Fixed Index Annuities Focused on Accumulation
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.