The recent enactment of the Tax Cuts and Jobs Act (the “Act”) represents the most sweeping reform of tax laws in over 30 years. It also represents, by far, the most significant legislative accomplishment of the Trump administration in 2017. The following paragraphs highlight the Act’s impact on the healthcare industry: 1. Starting in 2019, the Act repeals the Obamacare “individual mandate” that requires all Americans under 65 to have health insurance or pay an annual penalty, $695 per person or 2.5 percent of income—whichever is higher. Per the Congressional Budget Office’s November 2017 analysis, “Repealing the Individual Health Insurance
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